Looking to balance out your exposure to ABBV? The ETFs below have historically moved differently from ABBV, 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 ABBV
299 ETFs have low correlation with ABBV (below 0.3), 148 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.21, down from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.21 | -0.06 | 0.01 | 52 | Leveraged Equities, Semiconductors | ABBV vs USD | |
| iShares U.S. Technology ETF | -0.20 | -0.03 | 0.05 | 51 | Technology Equities | ABBV vs IYW | |
| iShares Global Tech ETF | -0.19 | -0.02 | 0.06 | 63 | Technology Equities | ABBV vs IXN | |
| Roundhill Generative AI & Technology ETF | -0.19 | -0.05 | — | 66 | Artificial Intelligence, Technology Equities | ABBV vs CHAT | |
| Vanguard Information Technology ETF | -0.19 | -0.02 | 0.06 | 52 | Technology Equities | ABBV vs VGT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ABBV, 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 Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.22, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.22 | -0.07 | 0.04 | 67 | Technology | |
| NVIDIA Corporation | -0.18 | -0.07 | -0.01 | 56 | Technology | |
| Credo Technology Group Holding Ltd | -0.18 | -0.08 | -0.06 | 74 | Technology | |
| IHI Corp ADR | -0.17 | -0.04 | -0.01 | 51 | Industrials | |
| IREN Limited | -0.17 | -0.04 | -0.03 | 78 | Financial Services |
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