Looking to diversify beyond HGER? The ETFs below have historically moved differently from HGER, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for HGER
2080 ETFs have low correlation with HGER (below 0.3), 1451 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Municipal Bond Opportunities ETF | -0.27 | — | — | 70 | Municipal Bonds | HGER vs FMUB | |
| Global X Short-Term Treasury Ladder ETF | -0.26 | — | — | 79 | Government Bonds, Short-Term Bond | HGER vs SLDR | |
| Invesco BulletShares 2032 Municipal Bond ETF | -0.26 | -0.07 | — | 56 | Municipal Bonds | HGER vs BSMW | |
| Federated Hermes Short Duration Corporate ETF | -0.25 | -0.04 | — | 56 | Short-Term Bond | HGER vs FCSH | |
| JPMorgan High Yield Municipal ETF | -0.24 | -0.06 | -0.06 | 51 | High Yield Muni | HGER vs JMHI |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HGER, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Visa Inc. (V) (Financial Services) with a 1Y correlation of -0.20, down from -0.08 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Visa Inc. | -0.20 | -0.08 | — | 54 | Financial Services | |
| Eli Lilly and Company | -0.17 | -0.06 | — | 77 | Healthcare | |
| Berkshire Hathaway Inc. | -0.11 | -0.06 | — | 67 | Financial Services | |
| Apple Inc | -0.09 | -0.00 | — | 90 | Technology | |
| Prologis, Inc. | -0.07 | -0.01 | — | 87 | Real Estate |
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