Looking to balance out your exposure to ABAT? The ETFs below have the lowest correlation with ABAT — they tend to move on their own, which can help reduce risk when ABAT drops. The stock ideas table highlights individual companies that behave independently from ABAT.
Best Diversifiers for ABAT
0 ETFs have low correlation with ABAT (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Themes Global Systemically Important Banks ETF | 0.30 | — | — | 82 | Financials Equities | ABAT vs GSIB | |
| State Street SPDR S&P 500 ETF | 0.37 | — | — | 64 | S&P 500 | ABAT vs SPY | |
| Vanguard S&P 500 ETF | 0.38 | — | — | 64 | S&P 500 | ABAT vs VOO | |
| BNY Mellon US Large Cap Core Equity ETF | 0.38 | — | — | 62 | Large Cap Blend Equities | ABAT vs BKLC |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ABAT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ABAT and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Structure Therapeutics Inc. American Depositary Sh... | 0.13 | — | — | 90 | Healthcare | |
| Wave Life Sciences Ltd. | 0.26 | 0.16 | 0.16 | 51 | Healthcare | |
| Newmont Corporation | 0.29 | — | — | 77 | Basic Materials | |
| Lynas Rare Earths Ltd ADR | 0.37 | 0.27 | 0.27 | 83 | Basic Materials | |
| Hycroft Mining Holding Corporation | 0.40 | 0.23 | 0.23 | 97 | Basic Materials |
See all 9 low-correlation stocks for ABAT
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Diversification Analysis
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