Looking to balance out your exposure to HAYW? The ETFs below have the lowest correlation with HAYW — they tend to move on their own, which can help reduce risk when HAYW drops. The stock ideas table highlights individual companies that behave independently from HAYW.
Best Diversifiers for HAYW
1 ETFs have low correlation with HAYW (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-1 Year Treasury Bond ETF (SHV) (Government Bonds) with a 1Y correlation of -0.03, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-1 Year Treasury Bond ETF | -0.03 | 0.05 | 0.04 | 100 | Government Bonds, Ultrashort Bond | HAYW vs SHV | |
| Vanguard S&P 500 ETF | 0.47 | 0.48 | 0.54 | 74 | S&P 500 | HAYW vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HAYW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HAYW and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.06, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.06 | 0.16 | 0.20 | 84 | Energy | |
| Hafnia Limited | -0.02 | — | — | 81 | Industrials | |
| NVIDIA Corporation | 0.15 | 0.17 | 0.32 | 80 | Technology | |
| Embraer S.A | 0.33 | 0.30 | 0.33 | 55 | Industrials | |
| Target Corporation | 0.34 | 0.32 | 0.38 | 73 | Consumer Defensive |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements HAYW
Add HAYW to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HAYW