Looking to balance out your exposure to HRTX? The ETFs below have the lowest correlation with HRTX — they tend to move on their own, which can help reduce risk when HRTX drops. The stock ideas table highlights individual companies that behave independently from HRTX.
Best Diversifiers for HRTX
0 ETFs have low correlation with HRTX (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR S&P Biotech ETF (XBI) (Health & Biotech Equities) with a 1Y correlation of 0.46, roughly unchanged from 0.56 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR S&P Biotech ETF | 0.46 | 0.46 | 0.56 | 74 | Health & Biotech Equities | HRTX vs XBI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HRTX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HRTX and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.23, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.23 | 0.20 | 0.28 | 78 | Technology |
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