Looking to diversify beyond HGER? The ETFs below have the lowest correlation with HGER — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from HGER.
Best Diversifiers for HGER
2074 ETFs have low correlation with HGER (below 0.3), 1195 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Municipal Bond Opportunities ETF | -0.24 | — | — | 85 | Municipal Bonds | HGER vs FMUB | |
| Federated Hermes Short Duration Corporate ETF | -0.24 | -0.02 | 0.05 | 73 | Short-Term Bond | HGER vs FCSH | |
| Hartford Municipal Opportunities ETF | -0.24 | -0.08 | — | 75 | Municipal Bonds | HGER vs HMOP | |
| Invesco BulletShares 2032 Municipal Bond ETF | -0.23 | -0.06 | — | 74 | Municipal Bonds | HGER vs BSMW | |
| iShares Yield Optimized Bond ETF | -0.23 | -0.02 | 0.06 | 58 | Intermediate Core-Plus Bond | HGER vs BYLD |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HGER, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HGER and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of -0.19, down from -0.06 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | -0.19 | -0.06 | — | 80 | Healthcare | |
| Apple Inc | -0.06 | 0.01 | — | 93 | Technology | |
| CareTrust REIT, Inc. | -0.05 | 0.01 | — | 83 | Real Estate | |
| Prologis, Inc. | -0.05 | -0.01 | — | 88 | Real Estate | |
| GE Vernova Inc. | -0.00 | — | — | 88 | Industrials |
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Build a portfolio that complements HGER
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