Looking to balance out your exposure to HTHT? The ETFs below have the lowest correlation with HTHT — they tend to move on their own, which can help reduce risk when HTHT drops. The stock ideas table highlights individual companies that behave independently from HTHT.
Best Diversifiers for HTHT
3 ETFs have low correlation with HTHT (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.13, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.13 | 0.21 | 0.28 | 73 | Nasdaq-100 | HTHT vs QQQ | |
| Global X Dow 30 Covered Call ETF | 0.16 | 0.20 | — | 51 | Derivative Income | HTHT vs DJIA | |
| iShares Russell 3000 ETF | 0.17 | 0.25 | 0.30 | 67 | Large Cap Blend Equities | HTHT vs IWV |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HTHT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HTHT and solid risk/return profiles. The least correlated is The Chefs' Warehouse, Inc. (CHEF) (Consumer Defensive) with a 1Y correlation of 0.01, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Chefs' Warehouse, Inc. | 0.01 | 0.12 | 0.20 | 62 | Consumer Defensive | |
| CECO Environmental Corp. | 0.07 | 0.11 | 0.14 | 92 | Industrials | |
| Enterprise Financial Services Corp | 0.08 | 0.14 | 0.17 | 57 | Financial Services | |
| Cognex Corporation | 0.10 | 0.21 | 0.24 | 89 | Technology | |
| Golar LNG Limited | 0.11 | 0.19 | 0.20 | 65 | Energy |
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