Looking to balance out your exposure to HLIO? The ETFs below have the lowest correlation with HLIO — they tend to move on their own, which can help reduce risk when HLIO drops. The stock ideas table highlights individual companies that behave independently from HLIO.
No Diversifiers Found for HLIO
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HLIO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HLIO and solid risk/return profiles. The least correlated is Howmet Aerospace Inc. (HWM) (Industrials) with a 1Y correlation of 0.33, roughly unchanged from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Howmet Aerospace Inc. | 0.33 | 0.34 | 0.41 | 79 | Industrials | |
| Prologis, Inc. | 0.41 | 0.40 | 0.38 | 83 | Real Estate |
Build a portfolio that complements HLIO
Add HLIO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HLIO