Looking to balance out your exposure to HCSG? The ETFs below have historically moved differently from HCSG, 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 HCSG
5 ETFs have low correlation with HCSG (below 0.3), 1 of which are negatively correlated. The least correlated is Vanguard Energy ETF (VDE) (Energy Equities) with a 1Y correlation of -0.13, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Energy ETF | -0.13 | 0.09 | 0.17 | 76 | Energy Equities | HCSG vs VDE | |
| iShares MSCI South Korea ETF | 0.10 | 0.18 | 0.23 | 86 | South Korea Equities, Asia Pacific Equities | HCSG vs EWY | |
| ProShares Ultra Nasdaq Biotechnology | 0.25 | 0.39 | 0.37 | 89 | Leveraged Equities | HCSG vs BIB | |
| iShares 1-3 Year Treasury Bond ETF | 0.26 | 0.16 | 0.12 | 90 | Government Bonds, Short-Term Bond | HCSG vs SHY | |
| iShares 1-5 Year Investment Grade Corporate Bond E... | 0.29 | 0.21 | 0.18 | 82 | Corporate Bonds, Investment Grade Bonds | HCSG vs IGSB |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HCSG, 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 Credo Technology Group Holding Ltd (CRDO) (Technology) with a 1Y correlation of -0.04, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Credo Technology Group Holding Ltd | -0.04 | 0.11 | 0.15 | 74 | Technology | |
| Applied Optoelectronics, Inc. | 0.03 | 0.18 | 0.20 | 93 | Technology | |
| Keel Infrastructure Corporation | 0.03 | 0.19 | 0.22 | 86 | Financial Services | |
| Helix Energy Solutions Group, Inc. | 0.06 | 0.20 | 0.23 | 83 | Energy | |
| Tidewater Inc. | 0.06 | 0.15 | 0.16 | 74 | Energy |
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Build a portfolio that complements HCSG
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