Looking to balance out your exposure to HAS? The ETFs below have the lowest correlation with HAS — they tend to move on their own, which can help reduce risk when HAS drops. The stock ideas table highlights individual companies that behave independently from HAS.
Best Diversifiers for HAS
3 ETFs have low correlation with HAS (below 0.3), 2 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.10, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.10 | -0.05 | -0.02 | 100 | Government Bonds, Ultrashort Bond | HAS vs BIL | |
| iShares 0-1 Year Treasury Bond ETF | -0.04 | -0.01 | 0.01 | 100 | Government Bonds, Ultrashort Bond | HAS vs SHV | |
| JPMorgan Ultra-Short Income ETF | 0.19 | 0.12 | 0.11 | 99 | Ultrashort Bond | HAS vs JPST | |
| VanEck Vectors Steel ETF | 0.38 | 0.39 | 0.39 | 75 | Materials | HAS vs SLX | |
| Vanguard S&P 500 ETF | 0.41 | 0.41 | 0.52 | 60 | S&P 500 | HAS vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HAS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HAS and solid risk/return profiles. The least correlated is Halliburton Company (HAL) (Energy) with a 1Y correlation of 0.08, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Halliburton Company | 0.08 | 0.22 | 0.24 | 86 | Energy | |
| The Hershey Company | 0.08 | 0.17 | 0.16 | 51 | Consumer Defensive | |
| Cisco Systems, Inc. | 0.09 | 0.26 | 0.36 | 93 | Technology | |
| CVS Health Corporation | 0.12 | 0.16 | 0.18 | 85 | Healthcare | |
| Advanced Micro Devices, Inc. | 0.13 | 0.20 | 0.30 | 96 | Technology |
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Build a portfolio that complements HAS
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