Looking to balance out your exposure to HUBB? The ETFs below have the lowest correlation with HUBB — they tend to move on their own, which can help reduce risk when HUBB drops. The stock ideas table highlights individual companies that behave independently from HUBB.
Best Diversifiers for HUBB
0 ETFs have low correlation with HUBB (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.45, roughly unchanged from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.45 | 0.50 | 0.51 | 73 | Nasdaq-100 | HUBB vs QQQ | |
| VistaShares Artificial Intelligence Supercycle ETF | 0.47 | 0.56 | 0.56 | 97 | Technology Equities | HUBB vs AIS | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.52 | 0.54 | 0.53 | 97 | Leveraged Equities, Semiconductors | HUBB vs SOXL | |
| Vanguard S&P 500 ETF | 0.52 | 0.57 | 0.59 | 70 | S&P 500 | HUBB vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HUBB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HUBB and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.10, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.10 | -0.00 | 0.15 | 66 | Consumer Defensive | |
| Verizon Communications Inc. | -0.07 | -0.00 | 0.09 | 59 | Communication Services | |
| Exxon Mobil Corporation | -0.06 | 0.09 | 0.18 | 85 | Energy | |
| Eli Lilly and Company | 0.06 | 0.19 | 0.22 | 72 | Healthcare | |
| MSCI Inc. | 0.17 | 0.26 | 0.38 | 50 | Financial Services |
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