Looking to balance out your exposure to HCSG? The ETFs below have the lowest correlation with HCSG — they tend to move on their own, which can help reduce risk when HCSG drops. The stock ideas table highlights individual companies that behave independently from HCSG.
Best Diversifiers for HCSG
5 ETFs have low correlation with HCSG (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI South Korea ETF (EWY) (Asia Pacific Equities) with a 1Y correlation of 0.17, roughly unchanged from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI South Korea ETF | 0.17 | 0.21 | 0.25 | 92 | Asia Pacific Equities | HCSG vs EWY | |
| iShares 1-3 Year Treasury Bond ETF | 0.21 | 0.13 | 0.11 | 72 | Government Bonds, Short-Term Bond | HCSG vs SHY | |
| iShares 1-5 Year Investment Grade Corporate Bond E... | 0.23 | 0.18 | 0.17 | 69 | Corporate Bonds | HCSG vs IGSB | |
| ProShares Ultra Technology | 0.24 | 0.27 | 0.31 | 64 | Leveraged Equities | HCSG vs ROM | |
| ProShares Ultra Nasdaq Biotechnology | 0.25 | 0.38 | 0.37 | 80 | Leveraged Equities | HCSG vs BIB |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HCSG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HCSG and solid risk/return profiles. The least correlated is IonQ, Inc. (IONQ) (Technology) with a 1Y correlation of -0.00, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| IonQ, Inc. | -0.00 | 0.17 | 0.19 | 58 | Technology | |
| Credo Technology Group Holding Ltd | 0.05 | 0.14 | 0.18 | 88 | Technology | |
| Applied Optoelectronics, Inc. | 0.06 | 0.19 | 0.22 | 95 | Technology | |
| Eli Lilly and Company | 0.09 | 0.09 | 0.13 | 74 | Healthcare | |
| Keel Infrastructure Corporation | 0.10 | 0.22 | 0.23 | 97 | Financial Services |
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Build a portfolio that complements HCSG
Add HCSG to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HCSG