Looking to balance out your exposure to HLT? The ETFs below have historically moved differently from HLT, 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 HLT
7 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 0.14, down from 0.41 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Interest Rate Hedged High Yield Bond Fu... | 0.14 | 0.30 | 0.42 | 92 | High Yield Bonds | HLT vs HYZD | |
| State Street Technology Select Sector SPDR ETF | 0.16 | 0.36 | 0.46 | 60 | Technology Equities | HLT vs XLK | |
| Vanguard Information Technology ETF | 0.17 | 0.37 | 0.47 | 57 | Technology Equities | HLT vs VGT | |
| First Trust Senior Loan Fund | 0.20 | 0.28 | 0.33 | 66 | Bank Loan, High Yield Bonds | HLT vs FTSL | |
| Invesco QQQ ETF | 0.22 | 0.42 | 0.49 | 54 | Nasdaq-100 | HLT vs QQQ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HLT, 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 Cboe Global Markets, Inc. (CBOE) (Financial Services) with a 1Y correlation of -0.13, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cboe Global Markets, Inc. | -0.13 | -0.07 | 0.07 | 56 | Financial Services | |
| Chevron Corporation | -0.12 | 0.08 | 0.18 | 72 | Energy | |
| Diamondback Energy, Inc. | -0.11 | 0.10 | 0.20 | 72 | Energy | |
| Valero Energy Corporation | -0.10 | 0.10 | 0.19 | 98 | Energy | |
| Murphy USA Inc. | -0.09 | 0.14 | 0.15 | 85 | Consumer Cyclical |
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