Looking to balance out your exposure to HLF? The ETFs below have historically moved differently from HLF, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 0.01 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| F/m US Treasury 3 Month Bill ETF | 0.09 | 0.01 | — | 100 | Ultrashort Bond | HLF vs TBIL | |
| State Street SPDR S&P 500 ETF | 0.28 | 0.29 | 0.34 | 78 | S&P 500 | HLF vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HLF, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Lumentum Holdings Inc. (LITE) (Technology) with a 1Y correlation of 0.00, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lumentum Holdings Inc. | 0.00 | 0.09 | 0.15 | 98 | Technology | |
| IREN Limited | 0.01 | 0.13 | 0.17 | 82 | Financial Services | |
| Micron Technology, Inc. | 0.01 | 0.11 | 0.18 | 99 | Technology | |
| Elbit Systems Ltd. | 0.02 | 0.03 | 0.07 | 86 | Industrials | |
| Tower Semiconductor Ltd | 0.07 | 0.13 | 0.13 | 98 | Technology |
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