Looking to balance out your exposure to ABBNY? The ETFs below have historically moved differently from ABBNY, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 -0.16, down from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.16 | -0.04 | -0.01 | 100 | Ultrashort Bond | ABBNY vs SGOV | |
| State Street Energy Select Sector SPDR ETF | -0.14 | 0.07 | 0.19 | 76 | Energy Equities | ABBNY vs XLE | |
| iShares 0-5 Year TIPS Bond ETF | 0.11 | 0.07 | 0.11 | 93 | Inflation-Protected Bonds | ABBNY vs STIP | |
| Vanguard Small-Cap Value ETF | 0.45 | 0.50 | 0.55 | 79 | Small Cap Value Equities | ABBNY vs VBR | |
| STMicroelectronics NV ADRhedged | 0.57 | — | — | 80 | Technology Equities | ABBNY vs STHH |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ABBNY, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Cheniere Energy, Inc. (LNG) (Energy) with a 1Y correlation of -0.21, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cheniere Energy, Inc. | -0.21 | 0.01 | 0.10 | 57 | Energy | |
| Occidental Petroleum Corporation | -0.20 | 0.01 | 0.13 | 70 | Energy | |
| Johnson & Johnson | -0.06 | -0.01 | 0.10 | 97 | Healthcare | |
| Walmart Inc. | -0.05 | 0.06 | 0.15 | 62 | Consumer Defensive | |
| AbbVie Inc. | -0.05 | 0.04 | 0.10 | 81 | Healthcare |
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