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
253 ETFs have low correlation with ABBV (below 0.3), 76 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 -0.03 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 | -0.03 | -0.03 | 100 | Ultrashort Bond | ABBV vs SGOV | |
| ProShares Ultra Semiconductors | -0.14 | -0.05 | 0.03 | 82 | Leveraged Equities, Semiconductors | ABBV vs USD | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.14 | -0.05 | -0.05 | 100 | Government Bonds, Ultrashort Bond | ABBV vs BIL | |
| iShares U.S. Technology ETF | -0.14 | -0.01 | 0.07 | 59 | Technology Equities | ABBV vs IYW | |
| iShares Global Tech ETF | -0.14 | -0.01 | 0.07 | 75 | Technology Equities | ABBV vs IXN |
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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 Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.16, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.16 | -0.05 | 0.05 | 72 | Technology | |
| CrowdStrike Holdings, Inc. | -0.16 | -0.04 | -0.01 | 65 | Technology | |
| Credo Technology Group Holding Ltd | -0.13 | -0.06 | -0.04 | 88 | Technology | |
| NVIDIA Corporation | -0.13 | -0.05 | 0.01 | 72 | Technology | |
| AppLovin Corporation | -0.12 | -0.06 | -0.01 | 60 | Communication Services |
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