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
1 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 0.24, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.24 | 0.28 | 0.40 | 73 | Nasdaq-100 | HOG vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.32 | 0.40 | 0.51 | 70 | S&P 500 | HOG vs SPY |
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 International Seaways, Inc. (INSW) (Energy) with a 1Y correlation of 0.09, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| International Seaways, Inc. | 0.09 | 0.14 | 0.19 | 95 | Energy | |
| Tesla, Inc. | 0.18 | 0.23 | 0.30 | 55 | Consumer Cyclical | |
| Ford Motor Company | 0.42 | 0.50 | 0.56 | 82 | Consumer Cyclical | |
| Polaris Industries Inc. | 0.54 | 0.61 | 0.65 | 77 | Consumer Cyclical |
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