Looking to balance out your exposure to HRTG? The ETFs below have the lowest correlation with HRTG — they tend to move on their own, which can help reduce risk when HRTG drops. The stock ideas table highlights individual companies that behave independently from HRTG.
Best Diversifiers for HRTG
4 ETFs have low correlation with HRTG (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.07, 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 | -0.07 | -0.03 | 0.01 | 100 | Ultrashort Bond | HRTG vs SGOV | |
| Vanguard S&P 500 ETF | 0.10 | 0.15 | 0.21 | 74 | S&P 500 | HRTG vs VOO | |
| State Street SPDR S&P 500 ETF | 0.10 | 0.15 | 0.21 | 74 | S&P 500 | HRTG vs SPY | |
| iShares Core S&P Total U.S. Stock Market ETF | 0.12 | 0.16 | 0.23 | 73 | Large Cap Blend Equities | HRTG vs ITOT |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HRTG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HRTG and solid risk/return profiles. The least correlated is Centrus Energy Corp. (LEU) (Energy) with a 1Y correlation of -0.04, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Centrus Energy Corp. | -0.04 | 0.03 | 0.11 | 55 | Energy | |
| Dillard's, Inc. | -0.02 | 0.09 | 0.14 | 79 | Consumer Cyclical | |
| Banco Macro S.A. | -0.02 | 0.12 | 0.15 | 54 | Financial Services | |
| Quanta Services, Inc. | -0.02 | 0.08 | 0.15 | 94 | Industrials | |
| IAMGOLD Corporation | 0.02 | 0.15 | 0.13 | 86 | Basic Materials |
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