Looking to balance out your exposure to HKHHY? The ETFs below have the lowest correlation with HKHHY — they tend to move on their own, which can help reduce risk when HKHHY drops. The stock ideas table highlights individual companies that behave independently from HKHHY.
Best Diversifiers for HKHHY
1 ETFs have low correlation with HKHHY (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 0.13, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.13 | 0.19 | 0.26 | 70 | S&P 500 | HKHHY vs VOO |
Diversification Analysis
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