Looking to balance out your exposure to HSAI? The ETFs below have the lowest correlation with HSAI — they tend to move on their own, which can help reduce risk when HSAI drops. The stock ideas table highlights individual companies that behave independently from HSAI.
Best Diversifiers for HSAI
0 ETFs have low correlation with HSAI (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.41, roughly unchanged from 0.34 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.41 | 0.34 | — | 70 | S&P 500 | HSAI vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HSAI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HSAI and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.19, down from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.19 | -0.08 | -0.08 | 53 | Utilities | |
| Chevron Corporation | -0.08 | 0.02 | 0.00 | 83 | Energy | |
| AbbVie Inc. | -0.01 | 0.02 | 0.02 | 62 | Healthcare | |
| Eli Lilly and Company | 0.08 | 0.11 | 0.11 | 72 | Healthcare | |
| Atai Life Sciences N.V. | 0.10 | 0.17 | — | 73 | Healthcare |
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