Looking to balance out your exposure to HCM? The ETFs below have the lowest correlation with HCM — they tend to move on their own, which can help reduce risk when HCM drops. The stock ideas table highlights individual companies that behave independently from HCM.
Best Diversifiers for HCM
3 ETFs have low correlation with HCM (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.22, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.22 | 0.25 | 0.28 | 70 | S&P 500 | HCM vs VOO | |
| KraneShares Bosera MSCI China A Share ETF | 0.26 | 0.35 | 0.36 | 85 | China Equities | HCM vs KBA | |
| Xtrackers Harvest CSI 300 China A-Shares Fund | 0.29 | 0.37 | 0.38 | 75 | China Equities | HCM vs ASHR |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HCM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HCM and solid risk/return profiles. The least correlated is China Yuchai International Limited (CYD) (Industrials) with a 1Y correlation of 0.12, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| China Yuchai International Limited | 0.12 | 0.12 | 0.16 | 95 | Industrials | |
| Ping An Insurance Company of China | 0.26 | 0.36 | 0.37 | 71 | Financial Services |
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