Looking to balance out your exposure to HEINY? The ETFs below have the lowest correlation with HEINY — they tend to move on their own, which can help reduce risk when HEINY drops. The stock ideas table highlights individual companies that behave independently from HEINY.
Best Diversifiers for HEINY
2 ETFs have low correlation with HEINY (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) (S&P 500) with a 1Y correlation of 0.03, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR Portfolio S&P 500 Growth ETF | 0.03 | 0.12 | 0.23 | 60 | S&P 500, Large Cap Growth Equities | HEINY vs SPYG | |
| State Street SPDR S&P 500 ETF | 0.14 | 0.21 | 0.30 | 74 | S&P 500 | HEINY vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HEINY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HEINY and solid risk/return profiles. The least correlated is Cenovus Energy Inc. (CVE) (Energy) with a 1Y correlation of -0.01, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cenovus Energy Inc. | -0.01 | 0.02 | 0.06 | 96 | Energy | |
| Exxon Mobil Corporation | 0.05 | 0.07 | 0.10 | 86 | Energy | |
| Embraer S.A | 0.11 | 0.08 | 0.20 | 56 | Industrials | |
| TotalEnergies SE | 0.15 | 0.19 | 0.15 | 91 | Energy | |
| Safran SA | 0.16 | 0.20 | 0.30 | 56 | Industrials |
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