Looking to balance out your exposure to HCKT? The ETFs below have the lowest correlation with HCKT — they tend to move on their own, which can help reduce risk when HCKT drops. The stock ideas table highlights individual companies that behave independently from HCKT.
Best Diversifiers for HCKT
2 ETFs have low correlation with HCKT (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Total World Stock ETF (VT) (Global Equities) with a 1Y correlation of 0.20, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Total World Stock ETF | 0.20 | 0.37 | 0.44 | 58 | Global Equities | HCKT vs VT | |
| Schwab U.S. Dividend Equity ETF | 0.23 | 0.40 | 0.47 | 89 | Dividend | HCKT vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HCKT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HCKT and solid risk/return profiles. The least correlated is Argan, Inc. (AGX) (Industrials) with a 1Y correlation of -0.04, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Argan, Inc. | -0.04 | 0.16 | 0.25 | 93 | Industrials | |
| NVIDIA Corporation | -0.02 | 0.09 | 0.20 | 60 | Technology | |
| Broadcom Inc. | 0.00 | 0.13 | 0.22 | 65 | Technology | |
| Intel Corporation | 0.01 | 0.16 | 0.26 | 97 | Technology | |
| Silicon Motion Technology Corporation | 0.02 | 0.13 | 0.17 | 98 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements HCKT
Add HCKT to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HCKT