Looking to balance out your exposure to HTBK? The ETFs below have the lowest correlation with HTBK — they tend to move on their own, which can help reduce risk when HTBK drops. The stock ideas table highlights individual companies that behave independently from HTBK.
Best Diversifiers for HTBK
0 ETFs have low correlation with HTBK (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.39, roughly unchanged from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.39 | 0.39 | 0.43 | 70 | S&P 500 | HTBK vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HTBK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HTBK and solid risk/return profiles. The least correlated is Teekay Tankers Ltd. (TNK) (Energy) with a 1Y correlation of 0.00, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Teekay Tankers Ltd. | 0.00 | 0.06 | 0.11 | 82 | Energy | |
| Energy Transfer LP | 0.02 | 0.21 | 0.29 | 69 | Energy | |
| Warrior Met Coal, Inc. | 0.08 | 0.17 | 0.22 | 90 | Basic Materials | |
| Tenaris S.A. | 0.16 | 0.24 | 0.28 | 94 | Energy | |
| Howmet Aerospace Inc. | 0.20 | 0.26 | 0.37 | 79 | Industrials |
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