Looking to balance out your exposure to HBAN? The ETFs below have the lowest correlation with HBAN — they tend to move on their own, which can help reduce risk when HBAN drops. The stock ideas table highlights individual companies that behave independently from HBAN.
Best Diversifiers for HBAN
0 ETFs have low correlation with HBAN (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.39, down from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.39 | 0.46 | 0.55 | 59 | S&P 500 | HBAN vs VOO | |
| Vanguard Total Stock Market ETF | 0.45 | 0.51 | 0.59 | 59 | Large Cap Blend Equities | HBAN vs VTI | |
| Schwab U.S. Dividend Equity ETF | 0.54 | 0.60 | 0.67 | 77 | Dividend | HBAN vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HBAN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HBAN and solid risk/return profiles. The least correlated is Antero Midstream Corporation (AM) (Energy) with a 1Y correlation of -0.05, down from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Antero Midstream Corporation | -0.05 | 0.26 | 0.39 | 75 | Energy | |
| Energy Transfer LP | -0.03 | 0.26 | 0.36 | 72 | Energy | |
| TotalEnergies SE | -0.01 | 0.13 | 0.16 | 79 | Energy | |
| TC Energy Corporation | -0.01 | 0.22 | 0.30 | 95 | Energy | |
| NVIDIA Corporation | 0.04 | 0.13 | 0.24 | 72 | Technology |
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