Looking to balance out your exposure to HELE? The ETFs below have the lowest correlation with HELE — they tend to move on their own, which can help reduce risk when HELE drops. The stock ideas table highlights individual companies that behave independently from HELE.
Best Diversifiers for HELE
2 ETFs have low correlation with HELE (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Semiconductor ETF (SOXX) (Semiconductors) with a 1Y correlation of 0.16, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Semiconductor ETF | 0.16 | 0.20 | 0.28 | 97 | Semiconductors, Technology Equities | HELE vs SOXX | |
| State Street SPDR S&P 500 ETF | 0.24 | 0.27 | 0.37 | 70 | S&P 500 | HELE vs SPY |
Diversification Analysis
Build a portfolio that complements HELE
Add HELE to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HELE