Looking to balance out your exposure to HKIT? The ETFs below have the lowest correlation with HKIT — they tend to move on their own, which can help reduce risk when HKIT drops. The stock ideas table highlights individual companies that behave independently from HKIT.
Best Diversifiers for HKIT
2 ETFs have low correlation with HKIT (below 0.3), 2 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBoxx $ High Yield Corporate Bond ETF | -0.07 | — | — | 54 | High Yield Bonds | HKIT vs HYG | |
| State Street SPDR S&P 500 ETF | -0.05 | — | — | 66 | S&P 500 | HKIT vs SPY |
Diversification Analysis
Build a portfolio that complements HKIT
Add HKIT to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HKIT