Looking to balance out your exposure to HOLX? The ETFs below have the lowest correlation with HOLX — they tend to move on their own, which can help reduce risk when HOLX drops. The stock ideas table highlights individual companies that behave independently from HOLX.
Best Diversifiers for HOLX
1 ETFs have low correlation with HOLX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.20, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.20 | 0.22 | 0.36 | 70 | S&P 500 | HOLX vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HOLX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HOLX and solid risk/return profiles. The least correlated is The TJX Companies, Inc. (TJX) (Consumer Cyclical) with a 1Y correlation of 0.01, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The TJX Companies, Inc. | 0.01 | 0.17 | 0.21 | 78 | Consumer Cyclical | |
| NVIDIA Corporation | 0.02 | -0.02 | 0.15 | 78 | Technology | |
| Twilio Inc. | 0.03 | 0.12 | 0.23 | 81 | Communication Services | |
| JPMorgan Chase & Co. | 0.04 | 0.17 | 0.23 | 59 | Financial Services | |
| Fortinet, Inc. | 0.05 | 0.11 | 0.28 | 66 | Technology |
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