Looking to balance out your exposure to HWC? The ETFs below have the lowest correlation with HWC — they tend to move on their own, which can help reduce risk when HWC drops. The stock ideas table highlights individual companies that behave independently from HWC.
No Diversifiers Found for HWC
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from HWC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HWC and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of 0.05, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | 0.05 | 0.18 | 0.28 | 85 | Energy | |
| Chevron Corporation | 0.06 | 0.22 | 0.32 | 83 | Energy | |
| FirstEnergy Corp. | 0.10 | 0.10 | 0.19 | 65 | Utilities | |
| Ameren Corporation | 0.21 | 0.20 | 0.20 | 64 | Utilities | |
| Pfizer Inc. | 0.27 | 0.24 | 0.21 | 61 | Healthcare |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements HWC
Add HWC to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with HWC