Looking to balance out your exposure to HSHP? The ETFs below have the lowest correlation with HSHP — they tend to move on their own, which can help reduce risk when HSHP drops. The stock ideas table highlights individual companies that behave independently from HSHP.
Best Diversifiers for HSHP
4 ETFs have low correlation with HSHP (below 0.3), 0 of which are negatively correlated. The least correlated is WisdomTree International Al Enhanced Value Fund (AIVI) (Foreign Large Cap Equities) with a 1Y correlation of 0.19, roughly unchanged from 0.26 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree International Al Enhanced Value Fund | 0.19 | 0.26 | — | 55 | Foreign Large Cap Equities | HSHP vs AIVI | |
| ProShares UltraPro QQQ | 0.21 | 0.20 | — | 53 | Leveraged Equities | HSHP vs TQQQ | |
| State Street SPDR S&P 500 ETF | 0.22 | 0.23 | — | 59 | S&P 500 | HSHP vs SPY | |
| First Trust Indxx Innovative Transaction & Process... | 0.23 | 0.28 | — | 53 | Blockchain | HSHP vs LEGR |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HSHP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HSHP and solid risk/return profiles. The least correlated is Rocket Lab USA, Inc. (RKLB) (Industrials) with a 1Y correlation of -0.01, down from 0.12 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Rocket Lab USA, Inc. | -0.01 | 0.12 | — | 87 | Industrials | |
| Planet Labs PBC | 0.01 | 0.15 | — | 97 | Industrials | |
| Endesa SA ADR | 0.02 | 0.03 | — | 84 | Utilities | |
| Bloom Energy Corporation | 0.03 | 0.15 | — | 99 | Industrials | |
| Micron Technology, Inc. | 0.06 | 0.19 | 0.17 | 99 | Technology |
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