Looking to balance out your exposure to HEI? The ETFs below have the lowest correlation with HEI — they tend to move on their own, which can help reduce risk when HEI drops. The stock ideas table highlights individual companies that behave independently from HEI.
Best Diversifiers for HEI
3 ETFs have low correlation with HEI (below 0.3), 2 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.15, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.15 | 0.01 | 0.01 | 72 | Leveraged Currency | HEI vs YCS | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.06 | -0.05 | -0.04 | 100 | Government Bonds, Ultrashort Bond | HEI vs BIL | |
| Schwab U.S. Dividend Equity ETF | 0.28 | 0.33 | 0.46 | 83 | Dividend | HEI vs SCHD | |
| VanEck Semiconductor ETF | 0.35 | 0.31 | 0.39 | 93 | Semiconductors, Technology Equities | HEI vs SMH | |
| WisdomTree Japan Opportunities ETF | 0.36 | 0.31 | 0.36 | 94 | Japan Equities, Asia Pacific Equities | HEI vs OPPJ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HEI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HEI and solid risk/return profiles. The least correlated is Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.19, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.19 | 0.00 | 0.18 | 64 | Energy | |
| ConocoPhillips Company | -0.16 | 0.03 | 0.20 | 66 | Energy | |
| Altria Group, Inc. | -0.15 | 0.04 | 0.15 | 78 | Consumer Defensive | |
| Chevron Corporation | -0.15 | 0.07 | 0.22 | 73 | Energy | |
| Suncor Energy Inc. | -0.11 | 0.04 | 0.20 | 90 | Energy |
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Build a portfolio that complements HEI
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