Looking to balance out your exposure to HTHIY? The ETFs below have the lowest correlation with HTHIY — they tend to move on their own, which can help reduce risk when HTHIY drops. The stock ideas table highlights individual companies that behave independently from HTHIY.
Best Diversifiers for HTHIY
3 ETFs have low correlation with HTHIY (below 0.3), 2 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.11, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.11 | 0.02 | -0.01 | 100 | Government Bonds, Ultrashort Bond | HTHIY vs USFR | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.05 | 0.05 | 0.10 | 93 | Inflation-Protected Bonds | HTHIY vs VTIP | |
| Schwab U.S. Dividend Equity ETF | 0.16 | 0.23 | 0.34 | 80 | Dividend | HTHIY vs SCHD | |
| Schwab Fundamental U.S. Large Company Index ETF | 0.37 | 0.38 | 0.44 | 90 | Large Cap Value Equities | HTHIY vs FNDX | |
| Vanguard S&P Mid-Cap 400 Growth ETF | 0.41 | 0.39 | 0.44 | 56 | Small Cap Growth Equities | HTHIY vs IVOG |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HTHIY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HTHIY and solid risk/return profiles. The least correlated is Energy Transfer LP (ET) (Energy) with a 1Y correlation of -0.05, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | -0.05 | 0.10 | 0.19 | 69 | Energy | |
| Eli Lilly and Company | 0.11 | 0.17 | 0.15 | 72 | Healthcare | |
| Green Brick Partners, Inc. | 0.14 | 0.17 | 0.24 | 54 | Consumer Cyclical | |
| Apple Inc | 0.16 | 0.20 | 0.28 | 89 | Technology | |
| Tesla, Inc. | 0.19 | 0.22 | 0.25 | 55 | Consumer Cyclical |
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Build a portfolio that complements HTHIY
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