Looking to balance out your exposure to HUT? The ETFs below have historically moved differently from HUT, 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 HUT
2 ETFs have low correlation with HUT (below 0.3), 0 of which are negatively correlated. The least correlated is iShares S&P GSCI Commodity-Indexed Trust (GSG) (Commodities) with a 1Y correlation of 0.07, roughly unchanged from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P GSCI Commodity-Indexed Trust | 0.07 | 0.12 | 0.14 | 67 | Commodities | HUT vs GSG | |
| Invesco Optimum Yield Diversified Commodity Strate... | 0.12 | 0.14 | 0.15 | 72 | Commodities | HUT vs PDBC | |
| iShares MSCI USA Value Factor ETF | 0.47 | 0.43 | 0.45 | 97 | Large Cap Value Equities | HUT vs VLUE | |
| State Street SPDR S&P 500 ETF | 0.52 | 0.49 | 0.52 | 67 | S&P 500 | HUT vs SPY | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.53 | 0.47 | — | 55 | Nasdaq-100, Derivative Income | HUT vs JEPQ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for HUT, 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 Allstate Corporation (ALL) (Financial Services) with a 1Y correlation of -0.21, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Allstate Corporation | -0.21 | -0.03 | 0.04 | 82 | Financial Services | |
| Johnson & Johnson | -0.18 | -0.10 | -0.02 | 97 | Healthcare | |
| Berkshire Hathaway Inc. Class A | -0.13 | 0.09 | 0.17 | 58 | Financial Services | |
| Philip Morris International Inc. | -0.13 | -0.02 | 0.04 | 66 | Consumer Defensive | |
| Visa Inc. | -0.07 | 0.10 | 0.23 | 53 | Financial Services |
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