Looking to balance out your exposure to HASI? The ETFs below have historically moved differently from HASI, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 0.07, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Energy ETF | 0.07 | 0.27 | 0.30 | 76 | Energy Equities | HASI vs VDE | |
| Global X NASDAQ 100 Covered Call ETF | 0.36 | 0.25 | 0.36 | 83 | Nasdaq-100, Derivative Income | HASI vs QYLD | |
| Schwab U.S. Dividend Equity ETF | 0.39 | 0.47 | 0.49 | 95 | Dividend | HASI vs SCHD | |
| Invesco Large Cap Growth ETF | 0.40 | 0.28 | 0.40 | 55 | Large Cap Growth Equities | HASI vs PWB | |
| Avantis All International Markets Equity ETF | 0.44 | 0.43 | 0.44 | 76 | Foreign Large Cap Equities | HASI vs AVNM |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HASI, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is United Therapeutics Corporation (UTHR) (Healthcare) with a 1Y correlation of 0.08, roughly unchanged from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| United Therapeutics Corporation | 0.08 | 0.10 | 0.15 | 95 | Healthcare | |
| Essential Properties Realty Trust, Inc. | 0.10 | 0.29 | 0.37 | 55 | Real Estate | |
| Amazon.com, Inc | 0.14 | 0.12 | 0.26 | 60 | Consumer Cyclical | |
| ZIM Integrated Shipping Services Ltd. | 0.17 | 0.17 | 0.22 | 82 | Industrials | |
| NVIDIA Corporation | 0.17 | 0.10 | 0.27 | 56 | Technology |
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