Looking to balance out your exposure to HBNC? The ETFs below have historically moved differently from HBNC, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for HBNC
1 ETFs have low correlation with HBNC (below 0.3), 0 of which are negatively correlated. The least correlated is ARK Genomic Revolution Multi-Sector ETF (ARKG) (Health & Biotech Equities) with a 1Y correlation of 0.27, roughly unchanged from 0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ARK Genomic Revolution Multi-Sector ETF | 0.27 | 0.38 | 0.34 | 59 | Health & Biotech Equities, Actively Managed | HBNC vs ARKG | |
| Vanguard S&P 500 ETF | 0.35 | 0.40 | 0.43 | 68 | S&P 500 | HBNC vs VOO | |
| State Street SPDR S&P 500 ETF | 0.36 | 0.41 | 0.44 | 67 | S&P 500 | HBNC vs SPY | |
| Schwab U.S. Dividend Equity ETF | 0.45 | 0.55 | 0.57 | 95 | Dividend | HBNC vs SCHD |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HBNC, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of 0.09, roughly unchanged from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | 0.09 | 0.10 | 0.18 | 62 | Consumer Defensive | |
| Brighthouse Financial, Inc. | 0.14 | 0.45 | 0.52 | 76 | Financial Services | |
| W. R. Berkley Corporation | 0.14 | 0.23 | 0.31 | 56 | Financial Services | |
| Banco Macro S.A. | 0.14 | 0.13 | 0.20 | 66 | Financial Services | |
| The Cigna Group | 0.23 | 0.19 | 0.24 | 51 | Healthcare |
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