Looking to balance out your exposure to HII? The ETFs below have historically moved differently from HII, 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 HII
19 ETFs have low correlation with HII (below 0.3), 3 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 -0.08, roughly unchanged from -0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.08 | -0.03 | -0.03 | 100 | Government Bonds, Ultrashort Bond | HII vs BIL | |
| iShares 0-3 Month Treasury Bond ETF | -0.05 | -0.01 | -0.02 | 100 | Ultrashort Bond | HII vs SGOV | |
| Invesco Ultra Short Duration ETF | -0.00 | 0.04 | 0.04 | 99 | Ultrashort Bond | HII vs GSY | |
| PIMCO Enhanced Short Maturity Active ETF | 0.03 | 0.07 | 0.08 | 100 | Ultrashort Bond | HII vs MINT | |
| Invesco BulletShares 2027 Municipal Bond ETF | 0.03 | 0.09 | 0.03 | 93 | Municipal Bonds | HII vs BSMR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HII, 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 HP Inc. (HPQ) (Technology) with a 1Y correlation of -0.01, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| HP Inc. | -0.01 | 0.11 | 0.20 | 56 | Technology | |
| Verizon Communications Inc. | -0.01 | 0.09 | 0.16 | 66 | Communication Services | |
| Altria Group, Inc. | -0.00 | 0.11 | 0.22 | 66 | Consumer Defensive | |
| The Coca-Cola Company | 0.02 | 0.13 | 0.22 | 90 | Consumer Defensive | |
| Broadcom Inc. | 0.02 | 0.07 | 0.15 | 67 | Technology |
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