Looking to balance out your exposure to HMY? The ETFs below have the lowest correlation with HMY — they tend to move on their own, which can help reduce risk when HMY drops. The stock ideas table highlights individual companies that behave independently from HMY.
No Diversifiers Found for HMY
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 HMY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HMY and solid risk/return profiles. The least correlated is Vista Oil & Gas, S.A.B. de C.V. (VIST) (Energy) with a 1Y correlation of -0.10, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Vista Oil & Gas, S.A.B. de C.V. | -0.10 | 0.07 | 0.15 | 67 | Energy | |
| MPLX LP | -0.00 | 0.11 | 0.14 | 82 | Energy | |
| Kodiak Gas Services Inc. | 0.03 | 0.07 | — | 97 | Energy | |
| Archrock, Inc. | 0.03 | 0.10 | 0.16 | 91 | Energy | |
| The New York Times Company | 0.03 | 0.13 | 0.13 | 78 | Communication Services |
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