Looking to balance out your exposure to HLN? The ETFs below have historically moved differently from HLN, 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 HLN
2 ETFs have low correlation with HLN (below 0.3), 1 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 0.13 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | -0.03 | 0.13 | — | 67 | S&P 500 | HLN vs SPY | |
| iShares Core Dividend ETF | 0.26 | 0.28 | — | 95 | Dividend, Large Cap Value Equities | HLN vs DIVB | |
| State Street Health Care Select Sector SPDR ETF | 0.40 | 0.39 | — | 72 | Health & Biotech Equities | HLN vs XLV |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HLN, 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 Intel Corporation (INTC) (Technology) with a 1Y correlation of -0.23, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Intel Corporation | -0.23 | -0.02 | 0.04 | 98 | Technology | |
| Cisco Systems, Inc. | -0.13 | 0.02 | 0.07 | 93 | Technology | |
| Citigroup Inc. | -0.08 | 0.03 | 0.06 | 84 | Financial Services | |
| Halliburton Company | -0.07 | -0.01 | — | 79 | Energy | |
| Warner Bros. Discovery, Inc. | -0.04 | 0.06 | — | 96 | Communication Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements HLN
Add HLN to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HLN