Looking to balance out your exposure to HLT? The ETFs below have the lowest correlation with HLT — they tend to move on their own, which can help reduce risk when HLT drops. The stock ideas table highlights individual companies that behave independently from HLT.
Best Diversifiers for HLT
6 ETFs have low correlation with HLT (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of 0.17, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | 0.17 | 0.37 | 0.46 | 66 | Technology Equities | HLT vs XLK | |
| WisdomTree Interest Rate Hedged High Yield Bond Fu... | 0.18 | 0.31 | 0.42 | 84 | High Yield Bonds | HLT vs HYZD | |
| Vanguard Information Technology ETF | 0.18 | 0.38 | 0.47 | 58 | Technology Equities | HLT vs VGT | |
| First Trust Senior Loan Fund | 0.23 | 0.28 | 0.32 | 60 | High Yield Bonds | HLT vs FTSL | |
| VanEck Vectors Emerging Markets High Yield Bond ET... | 0.25 | 0.31 | 0.34 | 74 | High Yield Bonds | HLT vs HYEM |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HLT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HLT and solid risk/return profiles. The least correlated is Cboe Global Markets, Inc. (CBOE) (Financial Services) with a 1Y correlation of -0.11, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cboe Global Markets, Inc. | -0.11 | -0.08 | 0.07 | 55 | Financial Services | |
| Chevron Corporation | -0.11 | 0.11 | 0.21 | 70 | Energy | |
| Valero Energy Corporation | -0.06 | 0.12 | 0.22 | 91 | Energy | |
| Diamondback Energy, Inc. | -0.06 | 0.13 | 0.23 | 76 | Energy | |
| YPF Sociedad Anónima | -0.05 | 0.11 | 0.19 | 67 | Energy |
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Build a portfolio that complements HLT
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