Looking to diversify beyond HLAL? The ETFs below have the lowest correlation with HLAL — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from HLAL.
Best Diversifiers for HLAL
369 ETFs have low correlation with HLAL (below 0.3), 73 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.34, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.34 | -0.06 | 0.08 | 66 | Oil & Gas | HLAL vs USO | |
| Invesco DB Energy Fund | -0.32 | -0.05 | 0.09 | 71 | Oil & Gas | HLAL vs DBE | |
| United States Brent Oil Fund LP | -0.32 | -0.05 | 0.08 | 65 | Oil & Gas | HLAL vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.31 | — | — | 56 | Derivative Income | HLAL vs USOY | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.28 | -0.01 | 0.10 | 55 | Oil & Gas | HLAL vs OILK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HLAL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HLAL and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.18, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.18 | 0.01 | 0.11 | 69 | Consumer Defensive | |
| Duke Energy Corporation | -0.16 | -0.06 | 0.08 | 53 | Utilities | |
| Exxon Mobil Corporation | -0.12 | 0.06 | 0.21 | 85 | Energy | |
| Chubb Limited | -0.11 | 0.04 | 0.20 | 51 | Financial Services | |
| ConocoPhillips Company | -0.10 | 0.09 | 0.21 | 76 | Energy |
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