Looking to balance out your exposure to HRMY? The ETFs below have the lowest correlation with HRMY — they tend to move on their own, which can help reduce risk when HRMY drops. The stock ideas table highlights individual companies that behave independently from HRMY.
Best Diversifiers for HRMY
6 ETFs have low correlation with HRMY (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI South Korea ETF (EWY) (Asia Pacific Equities) with a 1Y correlation of 0.06, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI South Korea ETF | 0.06 | 0.14 | 0.15 | 93 | Asia Pacific Equities | HRMY vs EWY | |
| Global X Artificial Intelligence & Technology ETF | 0.13 | 0.22 | 0.28 | 58 | Technology Equities | HRMY vs AIQ | |
| Schwab U.S. Dividend Equity ETF | 0.22 | 0.26 | 0.30 | 77 | Dividend | HRMY vs SCHD | |
| Vanguard S&P 500 ETF | 0.23 | 0.30 | 0.35 | 60 | S&P 500 | HRMY vs VOO | |
| State Street SPDR S&P 500 ETF | 0.23 | 0.30 | 0.34 | 60 | S&P 500 | HRMY vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HRMY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HRMY and solid risk/return profiles. The least correlated is Antero Midstream Corporation (AM) (Energy) with a 1Y correlation of -0.12, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Antero Midstream Corporation | -0.12 | 0.07 | 0.18 | 74 | Energy | |
| DHT Holdings, Inc. | -0.07 | 0.02 | 0.07 | 93 | Energy | |
| Chevron Corporation | -0.06 | 0.06 | 0.13 | 70 | Energy | |
| Exxon Mobil Corporation | -0.06 | 0.05 | 0.12 | 74 | Energy | |
| Warrior Met Coal, Inc. | -0.03 | 0.10 | 0.14 | 87 | Basic Materials |
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