Looking to balance out your exposure to HUN? The ETFs below have the lowest correlation with HUN — they tend to move on their own, which can help reduce risk when HUN drops. The stock ideas table highlights individual companies that behave independently from HUN.
Best Diversifiers for HUN
0 ETFs have low correlation with HUN (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.31, roughly unchanged from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.31 | 0.30 | 0.35 | 73 | Nasdaq-100 | HUN vs QQQ | |
| Vanguard S&P 500 ETF | 0.39 | 0.39 | 0.46 | 70 | S&P 500 | HUN vs VOO | |
| State Street SPDR S&P 500 ETF | 0.39 | 0.39 | 0.46 | 70 | S&P 500 | HUN vs SPY | |
| Vanguard Mega Cap Value ETF | 0.49 | 0.49 | 0.53 | 82 | Large Cap Value Equities | HUN vs MGV | |
| Vanguard S&P 500 Value ETF | 0.56 | 0.53 | 0.57 | 65 | Large Cap Value Equities, S&P 500 | HUN vs VOOV |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HUN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HUN and solid risk/return profiles. The least correlated is Aflac Incorporated (AFL) (Financial Services) with a 1Y correlation of 0.06, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Aflac Incorporated | 0.06 | 0.19 | 0.34 | 62 | Financial Services | |
| British American Tobacco p.l.c. | 0.07 | 0.13 | 0.21 | 77 | Consumer Defensive | |
| Verizon Communications Inc. | 0.13 | 0.15 | 0.19 | 59 | Communication Services | |
| Exxon Mobil Corporation | 0.14 | 0.22 | 0.30 | 85 | Energy | |
| EMCOR Group, Inc. | 0.16 | 0.23 | 0.32 | 83 | Industrials |
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