Looking to balance out your exposure to HBM? The ETFs below have the lowest correlation with HBM — they tend to move on their own, which can help reduce risk when HBM drops. The stock ideas table highlights individual companies that behave independently from HBM.
Best Diversifiers for HBM
1 ETFs have low correlation with HBM (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.21, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.21 | 0.29 | 0.38 | 77 | Dividend | HBM vs SCHD | |
| Vanguard Information Technology ETF | 0.46 | 0.42 | 0.41 | 58 | Technology Equities | HBM vs VGT | |
| VanEck Semiconductor ETF | 0.46 | 0.42 | 0.41 | 94 | Semiconductors, Technology Equities | HBM vs SMH | |
| NEOS Nasdaq-100 High Income ETF | 0.47 | — | — | 54 | Nasdaq-100, Derivative Income | HBM vs QQQI | |
| Invesco NASDAQ 100 ETF | 0.48 | 0.42 | 0.41 | 60 | Nasdaq-100 | HBM vs QQQM |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HBM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HBM and solid risk/return profiles. The least correlated is Plains All American Pipeline, L.P. (PAA) (Energy) with a 1Y correlation of -0.17, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Plains All American Pipeline, L.P. | -0.17 | 0.16 | 0.30 | 79 | Energy | |
| Cboe Global Markets, Inc. | -0.13 | -0.13 | 0.02 | 52 | Financial Services | |
| ONEOK, Inc. | -0.06 | 0.19 | 0.35 | 57 | Energy | |
| Coca-Cola Consolidated, Inc. | -0.04 | 0.02 | 0.09 | 83 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.03 | 0.15 | 0.31 | 74 | Energy |
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