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
1 ETFs have low correlation with HCKT (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.21, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.21 | 0.40 | 0.47 | 80 | Dividend | HCKT vs SCHD | |
| Vanguard Information Technology ETF | 0.31 | 0.33 | 0.39 | 76 | Technology Equities | HCKT vs VGT | |
| Vanguard Total World Stock ETF | 0.34 | 0.41 | 0.46 | 67 | Global Equities | HCKT vs VT |
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 Hudbay Minerals Inc. (HBM) (Basic Materials) with a 1Y correlation of 0.05, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Hudbay Minerals Inc. | 0.05 | 0.13 | 0.18 | 94 | Basic Materials | |
| Argan, Inc. | 0.07 | 0.21 | 0.28 | 93 | Industrials | |
| Silicon Motion Technology Corporation | 0.12 | 0.16 | 0.20 | 99 | Technology | |
| SPX Corporation | 0.15 | 0.33 | 0.40 | 75 | Industrials | |
| Pfizer Inc. | 0.18 | 0.17 | 0.18 | 61 | Healthcare |
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