Looking to balance out your exposure to HURN? The ETFs below have the lowest correlation with HURN — they tend to move on their own, which can help reduce risk when HURN drops. The stock ideas table highlights individual companies that behave independently from HURN.
Best Diversifiers for HURN
2 ETFs have low correlation with HURN (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 0.24, roughly unchanged from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.24 | 0.31 | 0.33 | 70 | S&P 500 | HURN vs VOO | |
| State Street SPDR S&P 500 ETF | 0.24 | 0.32 | 0.33 | 70 | S&P 500 | HURN vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HURN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HURN and solid risk/return profiles. The least correlated is Agnico Eagle Mines Limited (AEM) (Basic Materials) with a 1Y correlation of -0.08, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Agnico Eagle Mines Limited | -0.08 | 0.04 | 0.04 | 66 | Basic Materials | |
| Caterpillar Inc. | 0.00 | 0.18 | 0.22 | 98 | Industrials | |
| TechnipFMC plc | 0.01 | 0.16 | 0.19 | 96 | Energy | |
| Comfort Systems USA, Inc. | 0.01 | 0.20 | 0.27 | 98 | Industrials | |
| Elbit Systems Ltd | 0.05 | 0.16 | 0.16 | 88 | Industrials |
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