Looking to balance out your exposure to HMN? The ETFs below have the lowest correlation with HMN — they tend to move on their own, which can help reduce risk when HMN drops. The stock ideas table highlights individual companies that behave independently from HMN.
No Diversifiers Found for HMN
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 HMN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HMN and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of 0.06, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | 0.06 | 0.11 | 0.17 | 63 | Consumer Defensive | |
| Enova International, Inc. | 0.34 | 0.34 | 0.39 | 82 | Financial Services | |
| The Travelers Companies, Inc. | 0.59 | 0.52 | 0.53 | 51 | Financial Services |
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