Looking to balance out your exposure to HPP? The ETFs below have the lowest correlation with HPP — they tend to move on their own, which can help reduce risk when HPP drops. The stock ideas table highlights individual companies that behave independently from HPP.
Best Diversifiers for HPP
1 ETFs have low correlation with HPP (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 0.25, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.25 | 0.32 | 0.41 | 70 | S&P 500 | HPP vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HPP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HPP and solid risk/return profiles. The least correlated is Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of -0.09, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | -0.09 | 0.04 | 0.11 | 92 | Healthcare | |
| Baidu, Inc. | 0.06 | 0.16 | 0.18 | 72 | Communication Services | |
| The RealReal, Inc. | 0.16 | 0.29 | 0.35 | 66 | Consumer Cyclical | |
| Olaplex Holdings, Inc. | 0.21 | 0.29 | — | 66 | Consumer Cyclical |
Build a portfolio that complements HPP
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