Looking to balance out your exposure to HII? The ETFs below have the lowest correlation with HII — they tend to move on their own, which can help reduce risk when HII drops. The stock ideas table highlights individual companies that behave independently from HII.
Best Diversifiers for HII
18 ETFs have low correlation with HII (below 0.3), 2 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.09, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.09 | -0.03 | -0.03 | 100 | Government Bonds, Ultrashort Bond | HII vs BIL | |
| iShares 0-3 Month Treasury Bond ETF | -0.03 | -0.00 | -0.01 | 100 | Ultrashort Bond | HII vs SGOV | |
| Invesco Ultra Short Duration ETF | 0.03 | 0.04 | 0.05 | 99 | Ultrashort Bond | HII vs GSY | |
| Invesco BulletShares 2027 Municipal Bond ETF | 0.04 | 0.10 | 0.03 | 92 | Municipal Bonds | HII vs BSMR | |
| Franklin Liberty Federal Intermediate Tax-Free Bon... | 0.04 | 0.09 | 0.05 | 83 | Municipal Bonds | HII vs FLMI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HII, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HII and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.02, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.02 | 0.08 | 0.16 | 57 | Communication Services | |
| Broadcom Inc. | -0.00 | 0.06 | 0.15 | 71 | Technology | |
| Altria Group, Inc. | 0.02 | 0.11 | 0.23 | 81 | Consumer Defensive | |
| The Coca-Cola Company | 0.02 | 0.13 | 0.23 | 83 | Consumer Defensive | |
| Coca-Cola European Partners plc | 0.03 | 0.12 | 0.17 | 61 | Consumer Defensive |
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Build a portfolio that complements HII
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