Looking to balance out your exposure to HLN? The ETFs below have the lowest correlation with HLN — they tend to move on their own, which can help reduce risk when HLN drops. The stock ideas table highlights individual companies that behave independently from HLN.
Best Diversifiers for HLN
2 ETFs have low correlation with HLN (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.03, down from 0.16 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.03 | 0.16 | — | 70 | S&P 500 | HLN vs SPY | |
| iShares U.S. Dividend and Buyback ETF | 0.22 | 0.26 | — | 79 | Large Cap Blend Equities, Dividend | HLN vs DIVB |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HLN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HLN and solid risk/return profiles. The least correlated is Intel Corporation (INTC) (Technology) with a 1Y correlation of -0.13, down from 0.04 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Intel Corporation | -0.13 | 0.04 | — | 98 | Technology | |
| Cisco Systems, Inc. | -0.05 | 0.05 | — | 95 | Technology | |
| Halliburton Company | -0.05 | -0.00 | — | 94 | Energy | |
| Citigroup Inc. | -0.03 | 0.03 | — | 91 | Financial Services | |
| Warner Bros. Discovery, Inc. | -0.02 | 0.07 | — | 97 | Communication Services |
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