Looking to balance out your exposure to HTZ? The ETFs below have the lowest correlation with HTZ — they tend to move on their own, which can help reduce risk when HTZ drops. The stock ideas table highlights individual companies that behave independently from HTZ.
Best Diversifiers for HTZ
2 ETFs have low correlation with HTZ (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco NASDAQ 100 ETF (QQQM) (Nasdaq-100) with a 1Y correlation of 0.26, roughly unchanged from 0.25 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco NASDAQ 100 ETF | 0.26 | 0.25 | — | 75 | Nasdaq-100 | HTZ vs QQQM | |
| Invesco QQQ ETF | 0.26 | 0.25 | — | 74 | Nasdaq-100 | HTZ vs QQQ | |
| Vanguard S&P 500 ETF | 0.30 | 0.32 | — | 74 | S&P 500 | HTZ vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HTZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HTZ and solid risk/return profiles. The least correlated is Alphabet Inc. Class A (GOOGL) (Communication Services) with a 1Y correlation of 0.08, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alphabet Inc. Class A | 0.08 | 0.13 | 0.23 | 96 | Communication Services | |
| AstraZeneca PLC | 0.10 | 0.13 | — | 73 | Healthcare | |
| Planet Labs PBC | 0.15 | 0.32 | — | 99 | Industrials | |
| Amazon.com, Inc | 0.21 | 0.22 | — | 62 | Consumer Cyclical | |
| Starbucks Corporation | 0.23 | 0.24 | — | 51 | Consumer Cyclical |
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