Looking to balance out your exposure to HPE? The ETFs below have historically moved differently from HPE, 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 HPE
1 ETFs have low correlation with HPE (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.15, down from 0.46 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.15 | 0.30 | 0.46 | 95 | Dividend | HPE vs SCHD | |
| Vanguard International High Dividend Yield ETF | 0.35 | 0.36 | 0.47 | 88 | Dividend, Foreign Large Cap Equities | HPE vs VYMI | |
| State Street SPDR Dow Jones Industrial Average ETF... | 0.41 | 0.43 | 0.52 | 72 | Large Cap Blend Equities | HPE vs DIA | |
| Vanguard High Dividend Yield ETF | 0.44 | 0.47 | 0.56 | 90 | Dividend | HPE vs VYM | |
| Vanguard S&P 500 ETF | 0.53 | 0.55 | 0.59 | 72 | S&P 500 | HPE vs VOO |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HPE, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.27, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.27 | -0.13 | 0.03 | 64 | Consumer Defensive | |
| The Coca-Cola Company | -0.24 | -0.13 | 0.03 | 86 | Consumer Defensive | |
| Pinnacle West Capital Corporation | -0.21 | -0.08 | 0.04 | 69 | Utilities | |
| Johnson & Johnson | -0.20 | -0.10 | 0.01 | 95 | Healthcare | |
| Realty Income Corporation | -0.18 | -0.03 | 0.12 | 69 | Real Estate |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements HPE
Add HPE to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HPE