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
2 ETFs have low correlation with HBM (below 0.3), 1 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.02, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.02 | 0.20 | 0.36 | 55 | Energy Equities | HBM vs XLE | |
| Schwab U.S. Dividend Equity ETF | 0.14 | 0.26 | 0.37 | 89 | Dividend | HBM vs SCHD | |
| Vanguard Information Technology ETF | 0.49 | 0.43 | 0.42 | 57 | Technology Equities | HBM vs VGT | |
| VanEck Semiconductor ETF | 0.49 | 0.42 | 0.42 | 92 | Semiconductors, Technology Equities | HBM vs SMH | |
| Schwab U.S. Large-Cap ETF | 0.50 | 0.46 | 0.47 | 67 | Large Cap Blend Equities | HBM vs SCHX |
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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 Cheniere Energy, Inc. (LNG) (Energy) with a 1Y correlation of -0.21, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cheniere Energy, Inc. | -0.21 | 0.08 | 0.22 | 55 | Energy | |
| Plains All American Pipeline, L.P. | -0.20 | 0.14 | 0.30 | 86 | Energy | |
| Cboe Global Markets, Inc. | -0.14 | -0.14 | 0.01 | 62 | Financial Services | |
| ONEOK, Inc. | -0.09 | 0.18 | 0.34 | 66 | Energy | |
| Exxon Mobil Corporation | -0.05 | 0.14 | 0.30 | 77 | Energy |
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