Looking to balance out your exposure to HLF? The ETFs below have the lowest correlation with HLF — they tend to move on their own, which can help reduce risk when HLF drops. The stock ideas table highlights individual companies that behave independently from HLF.
Best Diversifiers for HLF
2 ETFs have low correlation with HLF (below 0.3), 0 of which are negatively correlated. The least correlated is F/m US Treasury 3 Month Bill ETF (TBIL) (Ultrashort Bond) with a 1Y correlation of 0.09, roughly unchanged from 0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| F/m US Treasury 3 Month Bill ETF | 0.09 | 0.02 | — | 100 | Ultrashort Bond | HLF vs TBIL | |
| State Street SPDR S&P 500 ETF | 0.29 | 0.30 | 0.35 | 66 | S&P 500 | HLF vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HLF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HLF and solid risk/return profiles. The least correlated is Lumentum Holdings Inc. (LITE) (Technology) with a 1Y correlation of 0.01, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lumentum Holdings Inc. | 0.01 | 0.10 | 0.16 | 99 | Technology | |
| Elbit Systems Ltd | 0.02 | 0.03 | 0.08 | 83 | Industrials | |
| IREN Limited | 0.03 | 0.14 | 0.18 | 80 | Financial Services | |
| Micron Technology, Inc. | 0.05 | 0.12 | 0.20 | 99 | Technology | |
| Coherent Corp. | 0.08 | 0.12 | 0.19 | 95 | Technology |
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