Looking to balance out your exposure to HCC? The ETFs below have historically moved differently from HCC, 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 HCC
11 ETFs have low correlation with HCC (below 0.3), 0 of which are negatively correlated. The least correlated is United States Brent Oil Fund LP (BNO) (Oil & Gas) with a 1Y correlation of 0.09, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Brent Oil Fund LP | 0.09 | 0.13 | 0.21 | 55 | Oil & Gas | HCC vs BNO | |
| United States Oil Fund LP | 0.10 | 0.13 | 0.22 | 58 | Oil & Gas | HCC vs USO | |
| PIMCO Enhanced Short Maturity Active ETF | 0.12 | 0.09 | 0.07 | 100 | Ultrashort Bond | HCC vs MINT | |
| iShares U.S. Technology ETF | 0.15 | 0.17 | 0.16 | 51 | Technology Equities | HCC vs IYW | |
| Invesco S&P 500 Momentum ETF | 0.16 | 0.18 | 0.25 | 52 | Momentum, S&P 500 | HCC vs SPMO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HCC, 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 Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of -0.14, down from -0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | -0.14 | -0.03 | -0.00 | 80 | Healthcare | |
| Acadia Healthcare Company, Inc. | -0.13 | 0.07 | 0.13 | 67 | Healthcare | |
| Old Republic International Corporation | -0.11 | 0.08 | 0.18 | 79 | Financial Services | |
| Kiniksa Pharmaceuticals, Ltd. | -0.11 | 0.04 | 0.10 | 97 | Healthcare | |
| Cincinnati Financial Corporation | -0.10 | 0.08 | 0.17 | 80 | Financial Services |
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