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), 2 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.10, roughly unchanged 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 | -0.10 | -0.02 | -0.01 | 100 | Ultrashort Bond | HQH vs SGOV | |
| Alerian MLP ETF | -0.05 | 0.20 | 0.27 | 54 | MLPs | HQH vs AMLP | |
| iShares Treasury Floating Rate Bond ETF | 0.01 | -0.03 | -0.04 | 100 | Government Bonds, Ultrashort Bond | HQH vs TFLO | |
| Franklin U.S. Low Volatility High Dividend Index E... | 0.23 | 0.40 | 0.45 | 53 | Dividend | HQH vs LVHD | |
| Janus Henderson B-BBB CLO ETF | 0.25 | 0.14 | — | 52 | CLO | HQH vs JBBB |
To view more results, upgrade your current subscription plan.
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 Enbridge Inc. (ENB) (Energy) with a 1Y correlation of -0.03, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enbridge Inc. | -0.03 | 0.21 | 0.27 | 88 | Energy | |
| Energy Transfer LP | -0.03 | 0.17 | 0.25 | 84 | Energy | |
| Brookfield Renewable Partners L.P. | 0.15 | 0.26 | 0.32 | 77 | Utilities | |
| NVIDIA Corporation | 0.19 | 0.20 | 0.33 | 65 | Technology | |
| Brookfield Renewable Corporation | 0.20 | — | — | 53 | Utilities |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements HQH
Add HQH to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HQH