Looking to balance out your exposure to HRB? The ETFs below have historically moved differently from HRB, 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 HRB
7 ETFs have low correlation with HRB (below 0.3), 5 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.36, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.36 | -0.08 | 0.08 | 52 | Leveraged Equities, Semiconductors | HRB vs USD | |
| VanEck Semiconductor ETF | -0.33 | -0.06 | 0.09 | 87 | Semiconductors, Technology Equities | HRB vs SMH | |
| WisdomTree Japan Hedged Equity Fund | -0.15 | 0.04 | 0.18 | 93 | Japan Equities, Asia Pacific Equities | HRB vs DXJ | |
| Vanguard S&P 500 ETF | -0.11 | 0.15 | 0.29 | 68 | S&P 500 | HRB vs VOO | |
| State Street SPDR S&P 500 ETF | -0.11 | 0.15 | 0.28 | 67 | S&P 500 | HRB vs SPY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HRB, 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 Intel Corporation (INTC) (Technology) with a 1Y correlation of -0.30, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Intel Corporation | -0.30 | -0.07 | 0.06 | 98 | Technology | |
| Texas Instruments Incorporated | -0.23 | 0.03 | 0.16 | 82 | Technology | |
| Newmont Corporation | -0.22 | -0.04 | 0.00 | 74 | Basic Materials | |
| Element Solutions Inc | -0.22 | 0.05 | 0.20 | 80 | Basic Materials | |
| Garrett Motion Inc. | -0.16 | 0.07 | 0.13 | 97 | Consumer Cyclical |
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