Looking to balance out your exposure to HIG? The ETFs below have the lowest correlation with HIG — they tend to move on their own, which can help reduce risk when HIG drops. The stock ideas table highlights individual companies that behave independently from HIG.
Best Diversifiers for HIG
8 ETFs have low correlation with HIG (below 0.3), 2 of which are negatively correlated. The least correlated is Invesco S&P 500 Momentum ETF (SPMO) (Momentum) with a 1Y correlation of -0.11, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500 Momentum ETF | -0.11 | 0.12 | 0.35 | 51 | Momentum, S&P 500 | HIG vs SPMO | |
| iShares 0-1 Year Treasury Bond ETF | -0.01 | -0.01 | -0.02 | 100 | Government Bonds, Ultrashort Bond | HIG vs SHV | |
| Vanguard S&P 500 ETF | 0.04 | 0.22 | 0.39 | 66 | S&P 500 | HIG vs VOO | |
| State Street SPDR S&P 500 ETF | 0.05 | 0.22 | 0.39 | 65 | S&P 500 | HIG vs SPY | |
| iShares Core S&P 500 ETF | 0.05 | 0.22 | 0.39 | 66 | S&P 500 | HIG vs IVV |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HIG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HIG and solid risk/return profiles. The least correlated is Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.24, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.24 | -0.07 | 0.11 | 67 | Technology | |
| Western Digital Corporation | -0.24 | -0.03 | 0.18 | 99 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.20 | -0.09 | 0.09 | 89 | Technology | |
| Seagate Technology plc | -0.20 | 0.01 | 0.18 | 98 | Technology | |
| Baidu, Inc. | -0.18 | -0.02 | 0.09 | 63 | Communication Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements HIG
Add HIG to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HIG