Looking to balance out your exposure to HEI-A? The ETFs below have the lowest correlation with HEI-A — they tend to move on their own, which can help reduce risk when HEI-A drops. The stock ideas table highlights individual companies that behave independently from HEI-A.
Best Diversifiers for HEI-A
0 ETFs have low correlation with HEI-A (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.47, roughly unchanged from 0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.47 | 0.47 | 0.54 | 70 | S&P 500 | HEI-A vs SPY | |
| Vanguard S&P 500 ETF | 0.48 | 0.47 | 0.54 | 70 | S&P 500 | HEI-A vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HEI-A, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HEI-A and solid risk/return profiles. The least correlated is Murphy USA Inc. (MUSA) (Consumer Cyclical) with a 1Y correlation of -0.05, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Murphy USA Inc. | -0.05 | 0.12 | 0.17 | 62 | Consumer Cyclical | |
| Chevron Corporation | -0.04 | 0.08 | 0.20 | 83 | Energy | |
| The Coca-Cola Company | -0.03 | 0.09 | 0.20 | 66 | Consumer Defensive | |
| Chubb Limited | 0.06 | 0.22 | 0.32 | 51 | Financial Services | |
| Sirius XM Holdings Inc. | 0.06 | 0.15 | 0.23 | 70 | Communication Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements HEI-A
Add HEI-A to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HEI-A