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), 1 of which are negatively correlated. The least correlated is iShares Silver Trust (SLV) (Silver) with a 1Y correlation of -0.08, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Silver Trust | -0.08 | -0.04 | 0.04 | 51 | Silver, Precious Metals | HIG vs SLV | |
| iShares 0-1 Year Treasury Bond ETF | 0.02 | 0.01 | -0.00 | 100 | Government Bonds, Ultrashort Bond | HIG vs SHV | |
| Invesco S&P 500 Momentum ETF | 0.07 | 0.18 | 0.37 | 75 | Momentum, S&P 500 | HIG vs SPMO | |
| iShares Core S&P 500 ETF | 0.18 | 0.26 | 0.42 | 74 | S&P 500 | HIG vs IVV | |
| Vanguard S&P 500 ETF | 0.18 | 0.26 | 0.42 | 74 | S&P 500 | HIG vs VOO |
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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 Baidu, Inc. (BIDU) (Communication Services) with a 1Y correlation of -0.20, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Baidu, Inc. | -0.20 | -0.01 | 0.09 | 73 | Communication Services | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.15 | -0.06 | 0.10 | 95 | Technology | |
| Seagate Technology plc | -0.12 | 0.05 | 0.22 | 99 | Technology | |
| NVIDIA Corporation | -0.11 | -0.02 | 0.13 | 80 | Technology | |
| Broadcom Inc. | -0.09 | -0.02 | 0.12 | 76 | Technology |
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