Looking to balance out your exposure to HTO? The ETFs below have historically moved differently from HTO, 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 HTO
2 ETFs have low correlation with HTO (below 0.3), 2 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of -0.10, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | -0.10 | 0.09 | 0.19 | 68 | S&P 500 | HTO vs VOO | |
| State Street SPDR S&P 500 ETF | -0.10 | 0.09 | 0.19 | 67 | S&P 500 | HTO vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HTO, 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 Alphabet Inc. Class A (GOOGL) (Communication Services) with a 1Y correlation of -0.14, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alphabet Inc. Class A | -0.14 | -0.07 | 0.03 | 95 | Communication Services | |
| The Gorman-Rupp Company | 0.05 | 0.18 | 0.25 | 96 | Industrials | |
| Dover Corporation | 0.06 | 0.19 | 0.26 | 62 | Industrials | |
| Veolia Environnement SA ADR | 0.06 | 0.25 | 0.25 | 73 | Industrials | |
| Parker-Hannifin Corporation | 0.07 | 0.11 | 0.18 | 79 | Industrials |
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