Looking to balance out your exposure to HRB? The ETFs below have the lowest correlation with HRB — they tend to move on their own, which can help reduce risk when HRB drops. The stock ideas table highlights individual companies that behave independently from HRB.
Best Diversifiers for HRB
7 ETFs have low correlation with HRB (below 0.3), 4 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.23, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.23 | -0.01 | 0.12 | 90 | Leveraged Equities, Semiconductors | HRB vs USD | |
| VanEck Semiconductor ETF | -0.22 | 0.01 | 0.13 | 96 | Semiconductors, Technology Equities | HRB vs SMH | |
| WisdomTree Japan Hedged Equity Fund | -0.04 | 0.10 | 0.21 | 88 | Japan Equities | HRB vs DXJ | |
| Vanguard S&P 500 ETF | -0.00 | 0.20 | 0.32 | 70 | S&P 500 | HRB vs VOO | |
| State Street SPDR S&P 500 ETF | 0.00 | 0.20 | 0.32 | 70 | S&P 500 | HRB vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HRB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HRB and solid risk/return profiles. The least correlated is Clearway Energy, Inc. (CWEN) (Utilities) with a 1Y correlation of -0.18, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Clearway Energy, Inc. | -0.18 | 0.04 | 0.18 | 76 | Utilities | |
| Intel Corporation | -0.14 | 0.00 | 0.10 | 98 | Technology | |
| Element Solutions Inc | -0.13 | 0.11 | 0.25 | 91 | Basic Materials | |
| Texas Instruments Incorporated | -0.10 | 0.11 | 0.20 | 81 | Technology | |
| Millicom International Cellular S.A. | -0.08 | 0.02 | 0.13 | 97 | Communication Services |
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