Looking to balance out your exposure to HTO? The ETFs below have the lowest correlation with HTO — they tend to move on their own, which can help reduce risk when HTO drops. The stock ideas table highlights individual companies that behave independently from HTO.
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 -0.07, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | -0.07 | 0.10 | 0.20 | 68 | S&P 500 | HTO vs VOO | |
| State Street SPDR S&P 500 ETF | -0.07 | 0.10 | 0.20 | 67 | S&P 500 | HTO vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HTO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HTO and solid risk/return profiles. The least correlated is The Gorman-Rupp Company (GRC) (Industrials) with a 1Y correlation of 0.05, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Gorman-Rupp Company | 0.05 | 0.18 | 0.25 | 97 | Industrials | |
| Parker-Hannifin Corporation | 0.06 | 0.11 | 0.18 | 80 | Industrials | |
| W.W. Grainger, Inc. | 0.07 | 0.17 | 0.24 | 80 | Industrials | |
| Veolia Environnement SA ADR | 0.09 | 0.26 | 0.26 | 70 | Industrials | |
| Dover Corporation | 0.09 | 0.20 | 0.27 | 63 | Industrials |
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