Looking to balance out your exposure to HQL? The ETFs below have the lowest correlation with HQL — they tend to move on their own, which can help reduce risk when HQL drops. The stock ideas table highlights individual companies that behave independently from HQL.
Best Diversifiers for HQL
0 ETFs have low correlation with HQL (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.31, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.31 | 0.47 | 0.51 | 85 | Dividend | HQL vs SCHD | |
| Virtus InfraCap U.S. Preferred Stock ETF | 0.32 | 0.36 | 0.40 | 58 | Preferred Stock/Convertible Bonds | HQL vs PFFA | |
| NEOS Nasdaq-100 High Income ETF | 0.45 | 0.46 | 0.46 | 70 | Nasdaq-100, Derivative Income | HQL vs QQQI | |
| Vanguard S&P 500 ETF | 0.51 | 0.52 | 0.57 | 74 | S&P 500 | HQL vs VOO | |
| NEOS S&P 500 High Income ETF | 0.51 | 0.52 | 0.54 | 75 | Derivative Income, S&P 500 | HQL vs SPYI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HQL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HQL and solid risk/return profiles. The least correlated is Central Securities Corp. (CET) (Financial Services) with a 1Y correlation of 0.37, roughly unchanged from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Central Securities Corp. | 0.37 | 0.43 | 0.47 | 83 | Financial Services |
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