Looking to balance out your exposure to HQH? The ETFs below have the lowest correlation with HQH — they tend to move on their own, which can help reduce risk when HQH drops. The stock ideas table highlights individual companies that behave independently from HQH.
Best Diversifiers for HQH
5 ETFs have low correlation with HQH (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.12, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.12 | -0.02 | -0.01 | 100 | Ultrashort Bond | HQH vs SGOV | |
| iShares Treasury Floating Rate Bond ETF | 0.03 | -0.02 | -0.04 | 100 | Government Bonds, Ultrashort Bond | HQH vs TFLO | |
| Janus Henderson B-BBB CLO ETF | 0.21 | 0.14 | 0.10 | 51 | CLO | HQH vs JBBB | |
| UBS ETRACS Silver Shares Covered Call ETN | 0.24 | — | — | 66 | Silver, Derivative Income, Precious Metals | HQH vs SLVO | |
| YieldMax NVDA Option Income Strategy ETF | 0.26 | 0.21 | — | 52 | Derivative Income, Options Trading | HQH vs NVDY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HQH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HQH and solid risk/return profiles. The least correlated is Energy Transfer LP (ET) (Energy) with a 1Y correlation of 0.00, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | 0.00 | 0.18 | 0.25 | 69 | Energy | |
| Brookfield Renewable Partners L.P. | 0.17 | 0.26 | 0.32 | 85 | Utilities | |
| Brookfield Renewable Corporation | 0.21 | — | — | 66 | Utilities | |
| Cohen & Steers Infrastructure Fund, Inc | 0.25 | 0.31 | 0.36 | 63 | Financial Services | |
| NVIDIA Corporation | 0.25 | 0.20 | 0.34 | 78 | Technology |
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Build a portfolio that complements HQH
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