Looking to balance out your exposure to HNGE? The ETFs below have the lowest correlation with HNGE — they tend to move on their own, which can help reduce risk when HNGE drops. The stock ideas table highlights individual companies that behave independently from HNGE.
Best Diversifiers for HNGE
0 ETFs have low correlation with HNGE (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.30 | — | — | 74 | S&P 500 | HNGE vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HNGE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HNGE and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.18 | — | — | 73 | Consumer Defensive | |
| Vistance Networks, Inc | 0.11 | — | — | 99 | Technology | |
| Ouster, Inc. | 0.22 | — | — | 87 | Technology | |
| Karman Holdings Inc. | 0.23 | — | — | 54 | Industrials | |
| Joby Aviation, Inc. | 0.24 | — | — | 59 | Industrials |
See all 6 low-correlation stocks for HNGE
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Diversification Analysis
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