Looking to balance out your exposure to HENKY? The ETFs below have the lowest correlation with HENKY — they tend to move on their own, which can help reduce risk when HENKY drops. The stock ideas table highlights individual companies that behave independently from HENKY.
No Diversifiers Found for HENKY
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HENKY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HENKY and solid risk/return profiles. The least correlated is BASF SE ADR (BASFY) (Basic Materials) with a 1Y correlation of 0.29, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BASF SE ADR | 0.29 | 0.33 | 0.42 | 69 | Basic Materials |
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