Looking to balance out your exposure to HUBB? The ETFs below have historically moved differently from HUBB, 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 HUBB
2 ETFs have low correlation with HUBB (below 0.3), 0 of which are negatively correlated. The least correlated is VictoryShares Free Cash Flow ETF (VFLO) (Large Cap Value Equities) with a 1Y correlation of 0.22, down from 0.44 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VictoryShares Free Cash Flow ETF | 0.22 | 0.44 | — | 96 | Large Cap Value Equities | HUBB vs VFLO | |
| United States Copper Index Fund | 0.24 | 0.17 | 0.20 | 67 | Copper, Metals | HUBB vs CPER | |
| Invesco QQQ ETF | 0.47 | 0.51 | 0.51 | 58 | Nasdaq-100 | HUBB vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.48 | 0.57 | 0.59 | 78 | S&P 500 | HUBB vs SPY | |
| Vanguard S&P 500 ETF | 0.48 | 0.56 | 0.59 | 78 | S&P 500 | HUBB vs VOO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HUBB, 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 The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.21, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.21 | -0.04 | 0.11 | 87 | Consumer Defensive | |
| Verizon Communications Inc. | -0.17 | -0.06 | 0.06 | 66 | Communication Services | |
| Exxon Mobil Corporation | -0.10 | 0.05 | 0.16 | 85 | Energy | |
| California Resources Corporation | -0.01 | 0.17 | 0.23 | 56 | Energy | |
| Eli Lilly and Company | 0.02 | 0.16 | 0.21 | 79 | Healthcare |
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