Looking to balance out your exposure to HOG? The ETFs below have historically moved differently from HOG, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 0.20, down from 0.39 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.20 | 0.28 | 0.39 | 54 | Nasdaq-100 | HOG vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.29 | 0.39 | 0.49 | 71 | S&P 500 | HOG vs SPY | |
| VictoryShares US Small Cap High Dividend Volatilit... | 0.47 | 0.57 | 0.62 | 69 | Small Cap Blend Equities, Dividend, Low Volatility | HOG vs CSB |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HOG, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is RenaissanceRe Holdings Ltd. (RNR) (Financial Services) with a 1Y correlation of -0.11, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| RenaissanceRe Holdings Ltd. | -0.11 | 0.05 | 0.14 | 83 | Financial Services | |
| Coca-Cola Consolidated, Inc. | -0.04 | 0.10 | 0.20 | 85 | Consumer Defensive | |
| Chord Energy Corp | 0.08 | 0.23 | 0.29 | 64 | Energy | |
| Visa Inc. | 0.09 | 0.23 | 0.31 | 56 | Financial Services | |
| Tenet Healthcare Corporation | 0.13 | 0.27 | 0.37 | 80 | Healthcare |
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