Looking to balance out your exposure to HOFT? The ETFs below have the lowest correlation with HOFT — they tend to move on their own, which can help reduce risk when HOFT drops. The stock ideas table highlights individual companies that behave independently from HOFT.
No Diversifiers Found for HOFT
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 HOFT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HOFT and solid risk/return profiles. The least correlated is AGNC Investment Corp. (AGNC) (Real Estate) with a 1Y correlation of 0.21, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AGNC Investment Corp. | 0.21 | 0.28 | 0.32 | 76 | Real Estate |
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