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
2 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 0.16, up from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Schroders Tax-Aware Bond ETF | 0.16 | 0.10 | 0.05 | 52 | Intermediate Core Bond | HST vs HTAB | |
| ProShares UltraPro QQQ | 0.28 | 0.40 | 0.46 | 53 | Leveraged Equities | HST vs TQQQ | |
| Vanguard S&P 500 ETF | 0.38 | 0.51 | 0.56 | 59 | S&P 500 | HST vs VOO | |
| Invesco S&P 500 Equal Weight Income Advantage ETF | 0.52 | — | — | 61 | S&P 500, Equal Weight | 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 RenaissanceRe Holdings Ltd. (RNR) (Financial Services) with a 1Y correlation of 0.03, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| RenaissanceRe Holdings Ltd. | 0.03 | 0.15 | 0.19 | 75 | Financial Services | |
| Chevron Corporation | 0.05 | 0.21 | 0.32 | 70 | Energy | |
| UOL Group Ltd ADR | 0.05 | 0.15 | 0.17 | 89 | Real Estate | |
| CapitaLand Investment Limited | 0.06 | 0.07 | — | 58 | Real Estate | |
| Verizon Communications Inc. | 0.07 | 0.11 | 0.14 | 66 | Communication Services |
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