Looking to balance out your exposure to HST? The ETFs below have the lowest correlation with HST — they tend to move on their own, which can help reduce risk when HST drops. The stock ideas table highlights individual companies that behave independently from HST.
Best Diversifiers for HST
3 ETFs have low correlation with HST (below 0.3), 0 of which are negatively correlated. The least correlated is Hartford Schroders Tax-Aware Bond ETF (HTAB) (Intermediate Core Bond) with a 1Y correlation of 0.12, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Schroders Tax-Aware Bond ETF | 0.12 | 0.09 | 0.04 | 51 | Intermediate Core Bond | HST vs HTAB | |
| UBS ETRACS Silver Shares Covered Call ETN | 0.15 | — | — | 66 | Silver, Derivative Income, Precious Metals | HST vs SLVO | |
| ProShares UltraPro QQQ | 0.30 | 0.40 | 0.46 | 71 | Leveraged Equities | HST vs TQQQ | |
| Vanguard S&P 500 ETF | 0.40 | 0.51 | 0.56 | 70 | S&P 500 | HST vs VOO | |
| Invesco S&P 500 Equal Weight Income Advantage ETF | 0.53 | — | — | 59 | S&P 500 | HST vs RSPA |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HST, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HST and solid risk/return profiles. The least correlated is Kinder Morgan, Inc. (KMI) (Energy) with a 1Y correlation of 0.04, down from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kinder Morgan, Inc. | 0.04 | 0.25 | 0.39 | 60 | Energy | |
| RenaissanceRe Holdings Ltd. | 0.04 | 0.15 | 0.20 | 58 | Financial Services | |
| Johnson & Johnson | 0.05 | 0.12 | 0.10 | 92 | Healthcare | |
| UOL Group Ltd ADR | 0.06 | 0.15 | 0.17 | 89 | Real Estate | |
| Eli Lilly and Company | 0.06 | 0.12 | 0.10 | 72 | Healthcare |
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