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 WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD) (High Yield Bonds) with a 1Y correlation of 0.17, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Interest Rate Hedged High Yield Bond Fu... | 0.17 | 0.31 | 0.42 | 81 | High Yield Bonds | HLT vs HYZD | |
| State Street Technology Select Sector SPDR ETF | 0.20 | 0.38 | 0.47 | 83 | Technology Equities | HLT vs XLK | |
| Vanguard Information Technology ETF | 0.21 | 0.39 | 0.48 | 76 | Technology Equities | HLT vs VGT | |
| VanEck Vectors Emerging Markets High Yield Bond ET... | 0.22 | 0.31 | 0.34 | 76 | High Yield Bonds | HLT vs HYEM | |
| First Trust Senior Loan Fund | 0.23 | 0.28 | 0.32 | 60 | High Yield Bonds | HLT vs FTSL |
To view more results, upgrade your current subscription plan.
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 -0.09, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cboe Global Markets, Inc. | -0.09 | -0.07 | 0.08 | 68 | Financial Services | |
| Chevron Corporation | -0.06 | 0.11 | 0.22 | 83 | Energy | |
| YPF Sociedad Anónima | -0.04 | 0.11 | 0.19 | 71 | Energy | |
| Oracle Corporation | -0.04 | 0.24 | 0.31 | 58 | Technology | |
| Diamondback Energy, Inc. | -0.02 | 0.14 | 0.24 | 82 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements HLT
Add HLT to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HLT