Looking to balance out your exposure to ABBV? The ETFs below have the lowest correlation with ABBV — they tend to move on their own, which can help reduce risk when ABBV drops. The stock ideas table highlights individual companies that behave independently from ABBV.
Best Diversifiers for ABBV
287 ETFs have low correlation with ABBV (below 0.3), 68 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.15, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.15 | -0.04 | -0.02 | 100 | Ultrashort Bond | ABBV vs SGOV | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.15 | -0.05 | -0.04 | 100 | Government Bonds, Ultrashort Bond | ABBV vs BIL | |
| ProShares Ultra Bloomberg Crude Oil | -0.11 | -0.04 | 0.04 | 54 | Leveraged Commodities | ABBV vs UCO | |
| WisdomTree Floating Rate Treasury Fund | -0.10 | 0.02 | -0.02 | 100 | Government Bonds, Ultrashort Bond | ABBV vs USFR | |
| United States Oil Fund LP | -0.09 | -0.02 | 0.04 | 66 | Oil & Gas | ABBV vs USO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ABBV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ABBV and solid risk/return profiles. The least correlated is CrowdStrike Holdings, Inc. (CRWD) (Technology) with a 1Y correlation of -0.12, down from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CrowdStrike Holdings, Inc. | -0.12 | -0.03 | -0.00 | 70 | Technology | |
| AppLovin Corporation | -0.11 | -0.04 | -0.00 | 59 | Technology | |
| Credo Technology Group Holding Ltd | -0.10 | -0.05 | -0.03 | 85 | Technology | |
| Fortinet, Inc. | -0.10 | 0.02 | 0.08 | 66 | Technology | |
| Oracle Corporation | -0.10 | 0.02 | 0.09 | 58 | Technology |
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Build a portfolio that complements ABBV
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