Looking to balance out your exposure to HLIT? The ETFs below have the lowest correlation with HLIT — they tend to move on their own, which can help reduce risk when HLIT drops. The stock ideas table highlights individual companies that behave independently from HLIT.
Best Diversifiers for HLIT
1 ETFs have low correlation with HLIT (below 0.3), 0 of which are negatively correlated. The least correlated is Ishares Lithium Miners And Producers ETF (ILIT) (Lithium & Battery Metals) with a 1Y correlation of 0.26, roughly unchanged from 0.29 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Ishares Lithium Miners And Producers ETF | 0.26 | 0.29 | — | 83 | Lithium & Battery Metals | HLIT vs ILIT | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.45 | 0.39 | — | 64 | Nasdaq-100, Derivative Income | HLIT vs JEPQ | |
| State Street SPDR S&P 500 ETF | 0.49 | 0.44 | 0.48 | 60 | S&P 500 | HLIT vs SPY | |
| Vanguard S&P 500 ETF | 0.49 | 0.44 | 0.48 | 60 | S&P 500 | HLIT vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HLIT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HLIT and solid risk/return profiles. The least correlated is United Therapeutics Corporation (UTHR) (Healthcare) with a 1Y correlation of 0.05, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| United Therapeutics Corporation | 0.05 | 0.12 | 0.13 | 94 | Healthcare | |
| Equinix, Inc. | 0.19 | 0.22 | 0.25 | 70 | Real Estate | |
| Genmab A/S | 0.20 | 0.19 | 0.24 | 61 | Healthcare | |
| Apple Inc | 0.24 | 0.24 | 0.33 | 88 | Technology | |
| NVIDIA Corporation | 0.24 | 0.25 | 0.36 | 70 | Technology |
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