Looking to balance out your exposure to HOG? The ETFs below have the lowest correlation with HOG — they tend to move on their own, which can help reduce risk when HOG drops. The stock ideas table highlights individual companies that behave independently from HOG.
Best Diversifiers for HOG
2 ETFs have low correlation with HOG (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.19, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.19 | 0.28 | 0.40 | 59 | Nasdaq-100 | HOG vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.27 | 0.39 | 0.50 | 70 | S&P 500 | HOG vs SPY | |
| VictoryShares US Small Cap High Dividend Volatilit... | 0.48 | 0.57 | 0.63 | 64 | Small Cap Blend Equities, Dividend | HOG vs CSB |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HOG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HOG and solid risk/return profiles. The least correlated is RenaissanceRe Holdings Ltd. (RNR) (Financial Services) with a 1Y correlation of -0.08, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| RenaissanceRe Holdings Ltd. | -0.08 | 0.05 | 0.15 | 81 | Financial Services | |
| Coca-Cola Consolidated, Inc. | -0.03 | 0.09 | 0.20 | 85 | Consumer Defensive | |
| Chord Energy Corp | 0.08 | 0.24 | 0.29 | 64 | Energy | |
| Tesla, Inc. | 0.12 | 0.22 | 0.30 | 64 | Consumer Cyclical | |
| Tenet Healthcare Corporation | 0.13 | 0.26 | 0.37 | 54 | Healthcare |
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