Looking to balance out your exposure to HPK? The ETFs below have the lowest correlation with HPK — they tend to move on their own, which can help reduce risk when HPK drops. The stock ideas table highlights individual companies that behave independently from HPK.
Best Diversifiers for HPK
1 ETFs have low correlation with HPK (below 0.3), 1 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 -0.12, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | -0.12 | 0.08 | 0.17 | 70 | S&P 500 | HPK vs SPY |
Diversification Analysis
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