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
1907 ETFs have low correlation with HGER (below 0.3), 1363 of which are negatively correlated. The least correlated is Federated Hermes Short Duration Corporate ETF (FCSH) (Short-Term Bond) with a 1Y correlation of -0.24, down from -0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Short Duration Corporate ETF | -0.24 | -0.01 | — | 61 | Short-Term Bond | HGER vs FCSH | |
| Invesco BulletShares 2032 Municipal Bond ETF | -0.22 | -0.05 | -0.04 | 68 | Municipal Bonds | HGER vs BSMW | |
| Fidelity Municipal Bond Opportunities ETF | -0.22 | — | — | 77 | Municipal Bonds | HGER vs FMUB | |
| iShares Yield Optimized Bond ETF | -0.22 | -0.00 | — | 52 | Intermediate Core-Plus Bond | HGER vs BYLD | |
| Strive Enhanced Income Short Maturity ETF | -0.22 | — | — | 97 | Ultrashort Bond | HGER vs BUXX |
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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 Apple Inc (AAPL) (Technology) with a 1Y correlation of -0.08, roughly unchanged from -0.00 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | -0.08 | -0.00 | — | 87 | Technology | |
| Prologis, Inc. | -0.06 | 0.01 | — | 87 | Real Estate | |
| Broadcom Inc. | -0.02 | 0.07 | 0.10 | 72 | Technology | |
| BlackRock Science and Technology Trust II | -0.02 | 0.10 | — | 94 | Financial Services | |
| American Superconductor Corporation | 0.00 | 0.05 | — | 55 | Industrials |
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Build a portfolio that complements HGER
Add HGER to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HGER