Looking to balance out your exposure to HSBC? The ETFs below have the lowest correlation with HSBC — they tend to move on their own, which can help reduce risk when HSBC drops. The stock ideas table highlights individual companies that behave independently from HSBC.
Best Diversifiers for HSBC
56 ETFs have low correlation with HSBC (below 0.3), 16 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.18, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.18 | -0.10 | -0.03 | 100 | Ultrashort Bond | HSBC vs SGOV | |
| Alerian MLP ETF | -0.14 | 0.17 | 0.30 | 56 | MLPs | HSBC vs AMLP | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.12 | 0.04 | 0.14 | 57 | Commodities | HSBC vs PDBC | |
| WisdomTree Floating Rate Treasury Fund | -0.10 | -0.07 | -0.02 | 100 | Government Bonds, Ultrashort Bond | HSBC vs USFR | |
| Invesco DB Commodity Index Tracking Fund | -0.10 | 0.04 | 0.14 | 56 | Commodities | HSBC vs DBC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HSBC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HSBC and solid risk/return profiles. The least correlated is Plains All American Pipeline, L.P. (PAA) (Energy) with a 1Y correlation of -0.18, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Plains All American Pipeline, L.P. | -0.18 | 0.13 | 0.27 | 87 | Energy | |
| Waste Management, Inc. | -0.16 | 0.04 | 0.11 | 56 | Industrials | |
| ConocoPhillips Company | -0.14 | 0.04 | 0.20 | 69 | Energy | |
| Occidental Petroleum Corporation | -0.13 | 0.05 | 0.18 | 67 | Energy | |
| EOG Resources, Inc. | -0.12 | 0.05 | 0.20 | 66 | Energy |
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