Looking to balance out your exposure to HNST? The ETFs below have the lowest correlation with HNST — they tend to move on their own, which can help reduce risk when HNST drops. The stock ideas table highlights individual companies that behave independently from HNST.
Best Diversifiers for HNST
2 ETFs have low correlation with HNST (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.24, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.24 | 0.30 | 0.36 | 80 | Dividend | HNST vs SCHD | |
| Vanguard Information Technology ETF | 0.26 | 0.31 | 0.41 | 76 | Technology Equities | HNST vs VGT | |
| State Street SPDR S&P 500 ETF | 0.36 | 0.37 | 0.45 | 70 | S&P 500 | HNST vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HNST, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HNST and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.07, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.07 | 0.08 | 0.11 | 72 | Healthcare | |
| NVIDIA Corporation | 0.09 | 0.15 | 0.28 | 78 | Technology |
Build a portfolio that complements HNST
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