Looking to balance out your exposure to HOEGF? The ETFs below have the lowest correlation with HOEGF — they tend to move on their own, which can help reduce risk when HOEGF drops. The stock ideas table highlights individual companies that behave independently from HOEGF.
No Diversifiers Found for HOEGF
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 HOEGF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HOEGF and solid risk/return profiles. The least correlated is Polaris Industries Inc. (PII) (Consumer Cyclical) with a 1Y correlation of 0.06, roughly unchanged from 0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Polaris Industries Inc. | 0.06 | 0.02 | — | 77 | Consumer Cyclical | |
| ArcelorMittal | 0.09 | 0.10 | — | 93 | Basic Materials | |
| Marathon Petroleum Corporation | 0.13 | 0.12 | — | 86 | Energy | |
| BW LPG Limited | 0.29 | 0.28 | — | 90 | Industrials |
Build a portfolio that complements HOEGF
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