Looking to balance out your exposure to HCAT? The ETFs below have the lowest correlation with HCAT — they tend to move on their own, which can help reduce risk when HCAT drops. The stock ideas table highlights individual companies that behave independently from HCAT.
No Diversifiers Found for HCAT
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HCAT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HCAT and solid risk/return profiles. The least correlated is Aveanna Healthcare Holdings Inc. (AVAH) (Healthcare) with a 1Y correlation of 0.25, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Aveanna Healthcare Holdings Inc. | 0.25 | 0.30 | 0.29 | 56 | Healthcare |
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