Looking to balance out your exposure to A? The ETFs below have the lowest correlation with A — they tend to move on their own, which can help reduce risk when A drops. The stock ideas table highlights individual companies that behave independently from A.
Best Diversifiers for A
1 ETFs have low correlation with A (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR S&P Semiconductor ETF (XSD) (Semiconductors) with a 1Y correlation of 0.29, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR S&P Semiconductor ETF | 0.29 | 0.38 | 0.48 | 92 | Semiconductors, Technology Equities | A vs XSD | |
| Invesco QQQ ETF | 0.33 | 0.35 | 0.50 | 59 | Nasdaq-100 | A vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.45 | 0.47 | 0.59 | 59 | S&P 500 | A vs SPY | |
| Vanguard S&P 500 ETF | 0.45 | 0.47 | 0.59 | 59 | S&P 500 | A vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from A, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to A and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.01, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.01 | 0.09 | 0.14 | 65 | Energy | |
| The Coca-Cola Company | -0.01 | 0.12 | 0.22 | 74 | Consumer Defensive | |
| Lumentum Holdings Inc. | 0.05 | 0.19 | 0.29 | 99 | Technology | |
| The Allstate Corporation | 0.08 | 0.10 | 0.20 | 67 | Financial Services | |
| H2O America | 0.10 | 0.17 | 0.22 | 55 | Utilities |
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