Looking to balance out your exposure to HCXY? The ETFs below have the lowest correlation with HCXY — they tend to move on their own, which can help reduce risk when HCXY drops. The stock ideas table highlights individual companies that behave independently from HCXY.
Best Diversifiers for HCXY
2 ETFs have low correlation with HCXY (below 0.3), 2 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs S&P 500 Premium Income ETF | -0.08 | — | — | 75 | Derivative Income, S&P 500 | HCXY vs GPIX | |
| Vanguard S&P 500 ETF | -0.06 | 0.03 | 0.11 | 70 | S&P 500 | HCXY vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HCXY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HCXY and solid risk/return profiles. The least correlated is Easterly Government Properties, Inc. (DEA) (Real Estate) with a 1Y correlation of -0.13, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Easterly Government Properties, Inc. | -0.13 | 0.04 | 0.05 | 65 | Real Estate | |
| Genco Shipping & Trading Limited | -0.06 | 0.01 | 0.05 | 91 | Industrials | |
| Verizon Communications Inc. | -0.04 | -0.01 | 0.01 | 59 | Communication Services | |
| Capital Southwest Corporation | -0.03 | 0.08 | 0.09 | 76 | Financial Services | |
| Annaly Capital Management, Inc. | -0.02 | 0.06 | 0.11 | 76 | Real Estate |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements HCXY
Add HCXY to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HCXY