Looking to balance out your exposure to HSY? The ETFs below have historically moved differently from HSY, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for HSY
288 ETFs have low correlation with HSY (below 0.3), 145 of which are negatively correlated. The least correlated is Roundhill Generative AI & Technology ETF (CHAT) (Artificial Intelligence) with a 1Y correlation of -0.26, down from -0.16 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Roundhill Generative AI & Technology ETF | -0.26 | -0.16 | — | 76 | Artificial Intelligence, Technology Equities | HSY vs CHAT | |
| ProShares Ultra Semiconductors | -0.25 | -0.16 | -0.08 | 58 | Leveraged Equities, Semiconductors | HSY vs USD | |
| Direxion Daily MU Bull 2X Shares | -0.24 | — | — | 98 | Leveraged Equities, Semiconductors | HSY vs MUU | |
| State Street Technology Select Sector SPDR ETF | -0.23 | -0.10 | 0.01 | 62 | Technology Equities | HSY vs XLK | |
| iShares U.S. Technology ETF | -0.23 | -0.11 | -0.02 | 61 | Technology Equities | HSY vs IYW |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HSY, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is CrowdStrike Holdings, Inc. (CRWD) (Technology) with a 1Y correlation of -0.27, down from -0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CrowdStrike Holdings, Inc. | -0.27 | -0.17 | -0.10 | 83 | Technology | |
| Arista Networks, Inc. | -0.24 | -0.17 | -0.07 | 75 | Technology | |
| Micron Technology, Inc. | -0.24 | -0.15 | -0.10 | 99 | Technology | |
| Marvell Technology, Inc. | -0.22 | -0.13 | -0.06 | 90 | Technology | |
| Snowflake Inc. | -0.21 | -0.10 | -0.06 | 69 | Technology |
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