Looking to balance out your exposure to HOPE? The ETFs below have the lowest correlation with HOPE — they tend to move on their own, which can help reduce risk when HOPE drops. The stock ideas table highlights individual companies that behave independently from HOPE.
Best Diversifiers for HOPE
0 ETFs have low correlation with HOPE (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.44, roughly unchanged from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.44 | 0.44 | 0.47 | 70 | S&P 500 | HOPE vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HOPE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HOPE and solid risk/return profiles. The least correlated is Intesa Sanpaolo SpA PK (ISNPY) (Financial Services) with a 1Y correlation of 0.31, roughly unchanged from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Intesa Sanpaolo SpA PK | 0.31 | 0.34 | 0.40 | 66 | Financial Services | |
| CSX Corporation | 0.41 | 0.41 | 0.42 | 88 | Industrials |
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