Looking to balance out your exposure to ABBNY? The ETFs below have the lowest correlation with ABBNY — they tend to move on their own, which can help reduce risk when ABBNY drops. The stock ideas table highlights individual companies that behave independently from ABBNY.
Best Diversifiers for ABBNY
3 ETFs have low correlation with ABBNY (below 0.3), 2 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.17, down from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.17 | -0.04 | -0.00 | 100 | Ultrashort Bond | ABBNY vs SGOV | |
| State Street Energy Select Sector SPDR ETF | -0.11 | 0.10 | 0.22 | 63 | Energy Equities | ABBNY vs XLE | |
| iShares 0-5 Year TIPS Bond ETF | 0.04 | 0.07 | 0.12 | 93 | Inflation-Protected Bonds | ABBNY vs STIP | |
| STMicroelectronics NV ADRhedged | 0.47 | — | — | 89 | Technology Equities | ABBNY vs STHH | |
| Vanguard Small-Cap Value ETF | 0.51 | 0.51 | 0.57 | 52 | Small Cap Value Equities | ABBNY vs VBR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ABBNY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ABBNY and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of 0.02, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | 0.02 | 0.12 | 0.18 | 63 | Consumer Defensive | |
| AbbVie Inc. | 0.08 | 0.07 | 0.13 | 62 | Healthcare | |
| Johnson & Johnson | 0.08 | 0.04 | 0.14 | 92 | Healthcare | |
| Black Hills Corporation | 0.09 | 0.14 | 0.20 | 77 | Utilities | |
| Eli Lilly and Company | 0.10 | 0.16 | 0.19 | 72 | Healthcare |
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