Looking to balance out your exposure to HQH? The ETFs below have historically moved differently from HQH, 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 HQH
5 ETFs have low correlation with HQH (below 0.3), 3 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.
How candidates are selected| 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 | |
| Alerian MLP ETF | -0.09 | 0.19 | 0.27 | 67 | MLPs | HQH vs AMLP | |
| iShares Treasury Floating Rate Bond ETF | -0.00 | -0.03 | -0.04 | 100 | Government Bonds, Ultrashort Bond | HQH vs TFLO | |
| Franklin U.S. Low Volatility High Dividend Index E... | 0.19 | 0.39 | 0.44 | 58 | Dividend, Low Volatility | HQH vs LVHD | |
| Janus Henderson B-BBB CLO ETF | 0.26 | 0.14 | — | 65 | CLO | HQH vs JBBB |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HQH, 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 Enbridge Inc. (ENB) (Energy) with a 1Y correlation of -0.07, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enbridge Inc. | -0.07 | 0.20 | 0.27 | 82 | Energy | |
| Energy Transfer LP | -0.05 | 0.16 | 0.24 | 82 | Energy | |
| Icahn Enterprises L.P. | 0.08 | 0.21 | 0.23 | 57 | Industrials | |
| Brookfield Renewable Partners L.P. | 0.17 | 0.26 | 0.31 | 80 | Utilities | |
| NVIDIA Corporation | 0.19 | 0.20 | 0.33 | 61 | Technology |
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