Looking to balance out your exposure to HNI? The ETFs below have the lowest correlation with HNI — they tend to move on their own, which can help reduce risk when HNI drops. The stock ideas table highlights individual companies that behave independently from HNI.
No Diversifiers Found for HNI
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 HNI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HNI and solid risk/return profiles. The least correlated is Black Hills Corporation (BKH) (Utilities) with a 1Y correlation of 0.23, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Black Hills Corporation | 0.23 | 0.34 | 0.36 | 77 | Utilities | |
| JPMorgan Chase & Co. | 0.26 | 0.34 | 0.42 | 59 | Financial Services |
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