Looking to balance out your exposure to HCM? The ETFs below have historically moved differently from HCM, 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 HCM
3 ETFs have low correlation with HCM (below 0.3), 0 of which are negatively correlated. The least correlated is KraneShares Bosera MSCI China A Share ETF (KBA) (China Equities) with a 1Y correlation of 0.20, down from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| KraneShares Bosera MSCI China A Share ETF | 0.20 | 0.32 | 0.35 | 71 | China Equities, Asia Pacific Equities | HCM vs KBA | |
| Vanguard S&P 500 ETF | 0.20 | 0.24 | 0.29 | 78 | S&P 500 | HCM vs VOO | |
| Xtrackers Harvest CSI 300 China A-Shares ETF | 0.20 | 0.34 | 0.36 | 51 | China Equities, Asia Pacific Equities | HCM vs ASHR |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HCM, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.02, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.02 | 0.08 | 0.14 | 61 | Financial Services | |
| China Yuchai International Limited | 0.07 | 0.12 | 0.15 | 87 | Industrials | |
| Ping An Insurance Company of China | 0.24 | 0.35 | 0.37 | 60 | Financial Services |
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