Looking to balance out your exposure to HBNC? The ETFs below have the lowest correlation with HBNC — they tend to move on their own, which can help reduce risk when HBNC drops. The stock ideas table highlights individual companies that behave independently from HBNC.
Best Diversifiers for HBNC
0 ETFs have low correlation with HBNC (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 0.45, roughly unchanged from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.45 | 0.42 | 0.45 | 74 | S&P 500 | HBNC vs VOO | |
| State Street SPDR S&P 500 ETF | 0.45 | 0.42 | 0.45 | 74 | S&P 500 | HBNC vs SPY | |
| Schwab U.S. Dividend Equity ETF | 0.48 | 0.56 | 0.58 | 85 | Dividend | HBNC vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HBNC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HBNC and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of 0.10, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | 0.10 | 0.09 | 0.18 | 66 | Consumer Defensive | |
| Banco Macro S.A. | 0.18 | 0.15 | 0.21 | 54 | Financial Services | |
| Sumitomo Mitsui Financial Group, Inc. | 0.25 | 0.28 | 0.34 | 85 | Financial Services | |
| NatWest Group plc | 0.33 | 0.41 | 0.43 | 58 | Financial Services | |
| The Travelers Companies, Inc. | 0.35 | 0.34 | 0.40 | 58 | Financial Services |
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