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 Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.50, roughly unchanged from 0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.50 | 0.47 | 0.54 | 63 | S&P 500 | HEI-A vs VOO | |
| State Street SPDR S&P 500 ETF | 0.51 | 0.47 | 0.54 | 63 | 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 Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.07, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.07 | 0.07 | 0.19 | 72 | Energy | |
| Murphy USA Inc. | -0.06 | 0.10 | 0.17 | 67 | Consumer Cyclical | |
| The Coca-Cola Company | -0.04 | 0.07 | 0.19 | 76 | Consumer Defensive | |
| Chubb Limited | 0.05 | 0.21 | 0.32 | 73 | Financial Services | |
| Tidewater Inc. | 0.06 | 0.12 | 0.18 | 71 | Energy |
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