Looking to balance out your exposure to HUT? The ETFs below have the lowest correlation with HUT — they tend to move on their own, which can help reduce risk when HUT drops. The stock ideas table highlights individual companies that behave independently from HUT.
Best Diversifiers for HUT
0 ETFs have low correlation with HUT (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Edge MSCI USA Value Factor ETF (VLUE) (Large Cap Value Equities) with a 1Y correlation of 0.44, roughly unchanged from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Edge MSCI USA Value Factor ETF | 0.44 | 0.41 | 0.45 | 97 | Large Cap Value Equities | HUT vs VLUE | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.52 | 0.45 | — | 74 | Nasdaq-100, Derivative Income | HUT vs JEPQ | |
| State Street SPDR S&P 500 ETF | 0.54 | 0.48 | 0.52 | 70 | S&P 500 | HUT vs SPY | |
| Invesco S&P 500 Momentum ETF | 0.56 | 0.46 | 0.46 | 75 | Momentum, S&P 500 | HUT vs SPMO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HUT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HUT and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.03, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.03 | 0.10 | 0.13 | 63 | Consumer Defensive | |
| Chevron Corporation | 0.00 | 0.08 | 0.14 | 83 | Energy | |
| AbbVie Inc. | 0.05 | 0.03 | 0.03 | 62 | Healthcare | |
| ProPetro Holding Corp. | 0.08 | 0.16 | 0.18 | 90 | Energy | |
| Vista Oil & Gas, S.A.B. de C.V. | 0.08 | 0.16 | 0.20 | 68 | Energy |
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