Looking to balance out your exposure to HTCR? The ETFs below have the lowest correlation with HTCR — they tend to move on their own, which can help reduce risk when HTCR drops. The stock ideas table highlights individual companies that behave independently from HTCR.
Best Diversifiers for HTCR
1 ETFs have low correlation with HTCR (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 0.28, roughly unchanged from 0.21 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.28 | 0.21 | — | 70 | S&P 500 | HTCR vs SPY |
Diversification Analysis
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