Looking to balance out your exposure to HUM? The ETFs below have the lowest correlation with HUM — they tend to move on their own, which can help reduce risk when HUM drops. The stock ideas table highlights individual companies that behave independently from HUM.
Best Diversifiers for HUM
3 ETFs have low correlation with HUM (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.17, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.17 | 0.15 | 0.25 | 66 | S&P 500 | HUM vs VOO | |
| Vanguard Total Stock Market ETF | 0.18 | 0.15 | 0.25 | 66 | Large Cap Blend Equities | HUM vs VTI | |
| Schwab U.S. Dividend Equity ETF | 0.28 | 0.23 | 0.29 | 91 | Dividend | HUM vs SCHD | |
| State Street Health Care Select Sector SPDR ETF | 0.30 | 0.36 | 0.46 | 50 | Health & Biotech Equities | HUM vs XLV |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HUM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HUM and solid risk/return profiles. The least correlated is Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.06, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.06 | -0.03 | 0.06 | 67 | Technology | |
| Philip Morris International Inc. | -0.06 | 0.05 | 0.12 | 52 | Consumer Defensive | |
| Ubiquiti Inc. | -0.05 | 0.03 | 0.11 | 60 | Technology | |
| Banco de Chile | -0.04 | 0.03 | 0.06 | 82 | Financial Services | |
| NextEra Energy, Inc. | -0.03 | 0.00 | 0.11 | 73 | Utilities |
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