Looking to balance out your exposure to HCI? The ETFs below have the lowest correlation with HCI — they tend to move on their own, which can help reduce risk when HCI drops. The stock ideas table highlights individual companies that behave independently from HCI.
Best Diversifiers for HCI
10 ETFs have low correlation with HCI (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.08, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.08 | -0.05 | 0.01 | 100 | Ultrashort Bond | HCI vs SGOV | |
| iShares MSCI South Korea ETF | 0.03 | 0.12 | 0.17 | 92 | Asia Pacific Equities | HCI vs EWY | |
| ProShares Ultra Technology | 0.04 | 0.10 | 0.17 | 64 | Leveraged Equities | HCI vs ROM | |
| iShares 1-5 Year Investment Grade Corporate Bond E... | 0.07 | 0.08 | 0.07 | 69 | Corporate Bonds | HCI vs IGSB | |
| ProShares Ultra Nasdaq Biotechnology | 0.07 | 0.16 | 0.22 | 80 | Leveraged Equities | HCI vs BIB |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HCI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HCI and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.04, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.04 | 0.06 | 0.13 | 72 | Technology | |
| MYR Group Inc. | 0.01 | 0.12 | 0.18 | 97 | Industrials | |
| GE Vernova Inc. | 0.02 | 0.06 | 0.06 | 89 | Industrials | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.02 | 0.09 | 0.14 | 93 | Technology | |
| Halozyme Therapeutics, Inc. | 0.02 | 0.11 | 0.16 | 68 | Healthcare |
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