Looking to balance out your exposure to HIW? The ETFs below have the lowest correlation with HIW — they tend to move on their own, which can help reduce risk when HIW drops. The stock ideas table highlights individual companies that behave independently from HIW.
Best Diversifiers for HIW
0 ETFs have low correlation with HIW (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.31, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.31 | 0.42 | 0.49 | 70 | S&P 500 | HIW vs VOO | |
| State Street SPDR S&P 500 ETF | 0.32 | 0.42 | 0.49 | 70 | S&P 500 | HIW vs SPY | |
| Vanguard Total Stock Market ETF | 0.35 | 0.46 | 0.52 | 68 | Large Cap Blend Equities | HIW vs VTI | |
| iShares iBoxx $ High Yield Corporate Bond ETF | 0.39 | 0.44 | 0.46 | 55 | High Yield Bonds | HIW vs HYG |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HIW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HIW and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of 0.03, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | 0.03 | 0.16 | 0.25 | 66 | Consumer Defensive | |
| Monmouth Real Estate Investment Corporation | 0.09 | 0.20 | 0.20 | 53 | Real Estate | |
| Verizon Communications Inc. | 0.09 | 0.23 | 0.30 | 59 | Communication Services | |
| TC Energy Corporation | 0.13 | 0.29 | 0.36 | 87 | Energy | |
| NIO Inc. | 0.14 | 0.24 | 0.28 | 67 | Consumer Cyclical |
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