Looking to balance out your exposure to HASI? The ETFs below have the lowest correlation with HASI — they tend to move on their own, which can help reduce risk when HASI drops. The stock ideas table highlights individual companies that behave independently from HASI.
Best Diversifiers for HASI
1 ETFs have low correlation with HASI (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Energy ETF (VDE) (Energy Equities) with a 1Y correlation of 0.16, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Energy ETF | 0.16 | 0.30 | 0.31 | 64 | Energy Equities | HASI vs VDE | |
| Global X NASDAQ 100 Covered Call ETF | 0.33 | 0.24 | 0.37 | 88 | Nasdaq-100, Derivative Income | HASI vs QYLD | |
| Invesco Dynamic Large Cap Growth ETF | 0.37 | 0.29 | 0.41 | 74 | Large Cap Growth Equities | HASI vs PWB | |
| Schwab U.S. Dividend Equity ETF | 0.45 | 0.49 | 0.48 | 80 | Dividend | HASI vs SCHD | |
| Vanguard S&P 500 ETF | 0.47 | 0.40 | 0.47 | 70 | S&P 500 | HASI vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HASI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HASI and solid risk/return profiles. The least correlated is ZIM Integrated Shipping Services Ltd. (ZIM) (Industrials) with a 1Y correlation of 0.14, roughly unchanged from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ZIM Integrated Shipping Services Ltd. | 0.14 | 0.18 | 0.23 | 72 | Industrials | |
| United Therapeutics Corporation | 0.14 | 0.13 | 0.15 | 86 | Healthcare | |
| NVIDIA Corporation | 0.15 | 0.11 | 0.28 | 78 | Technology | |
| Sensient Technologies Corporation | 0.20 | 0.33 | 0.37 | 58 | Basic Materials | |
| Amazon.com, Inc | 0.21 | 0.16 | 0.30 | 60 | Consumer Cyclical |
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