Looking to balance out your exposure to HBCP? The ETFs below have the lowest correlation with HBCP — they tend to move on their own, which can help reduce risk when HBCP drops. The stock ideas table highlights individual companies that behave independently from HBCP.
Best Diversifiers for HBCP
1 ETFs have low correlation with HBCP (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.14, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.14 | 0.25 | 0.31 | 59 | Nasdaq-100 | HBCP vs QQQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HBCP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HBCP and solid risk/return profiles. The least correlated is Newmont Corporation (NEM) (Basic Materials) with a 1Y correlation of -0.02, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Newmont Corporation | -0.02 | 0.09 | 0.08 | 78 | Basic Materials | |
| Gold Fields Limited | -0.01 | 0.05 | 0.05 | 69 | Basic Materials | |
| NVIDIA Corporation | 0.01 | 0.11 | 0.18 | 65 | Technology | |
| Amphenol Corporation | 0.03 | 0.21 | 0.28 | 82 | Technology | |
| CVS Health Corporation | 0.06 | 0.14 | 0.21 | 89 | Healthcare |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements HBCP
Add HBCP to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HBCP