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 Invesco NASDAQ 100 ETF (QQQM) (Nasdaq-100) with a 1Y correlation of 0.41, roughly unchanged from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco NASDAQ 100 ETF | 0.41 | 0.37 | 0.45 | 54 | Nasdaq-100 | HEI-A vs QQQM | |
| Vanguard S&P 500 ETF | 0.52 | 0.47 | 0.54 | 66 | S&P 500 | HEI-A vs VOO | |
| State Street SPDR S&P 500 ETF | 0.53 | 0.47 | 0.54 | 65 | S&P 500 | HEI-A vs SPY |
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 Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.17, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.17 | 0.01 | 0.17 | 67 | Energy | |
| Murphy USA Inc. | -0.12 | 0.08 | 0.15 | 76 | Consumer Cyclical | |
| Chevron Corporation | -0.12 | 0.06 | 0.19 | 74 | Energy | |
| The Coca-Cola Company | -0.09 | 0.07 | 0.18 | 84 | Consumer Defensive | |
| Chubb Limited | -0.03 | 0.19 | 0.31 | 82 | Financial 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