Looking to balance out your exposure to HLNE? The ETFs below have the lowest correlation with HLNE — they tend to move on their own, which can help reduce risk when HLNE drops. The stock ideas table highlights individual companies that behave independently from HLNE.
No Diversifiers Found for HLNE
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 HLNE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HLNE and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.07, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.07 | 0.16 | 0.18 | 75 | Healthcare | |
| NVIDIA Corporation | 0.09 | 0.26 | 0.40 | 76 | Technology | |
| Amphenol Corporation | 0.10 | 0.34 | 0.46 | 73 | Technology | |
| KLA Corporation | 0.12 | 0.30 | 0.41 | 93 | Technology | |
| Broadcom Inc. | 0.13 | 0.28 | 0.38 | 71 | Technology |
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