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
279 ETFs have low correlation with ABBV (below 0.3), 108 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.19, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.19 | -0.06 | 0.02 | 70 | Leveraged Equities, Semiconductors | ABBV vs USD | |
| iShares U.S. Technology ETF | -0.18 | -0.03 | 0.06 | 60 | Technology Equities | ABBV vs IYW | |
| Fidelity MSCI Information Technology Index ETF | -0.17 | -0.02 | 0.07 | 58 | Technology Equities | ABBV vs FTEC | |
| iShares Global Tech ETF | -0.17 | -0.02 | 0.07 | 71 | Technology Equities | ABBV vs IXN | |
| Vanguard Information Technology ETF | -0.17 | -0.02 | 0.07 | 57 | Technology Equities | ABBV vs VGT |
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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 -0.20, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.20 | -0.06 | 0.05 | 71 | Technology | |
| Credo Technology Group Holding Ltd | -0.17 | -0.08 | — | 83 | Technology | |
| NVIDIA Corporation | -0.16 | -0.06 | 0.00 | 65 | Technology | |
| Snowflake Inc. | -0.15 | -0.02 | -0.00 | 60 | Technology | |
| Shopify Inc. | -0.14 | 0.00 | 0.02 | 52 | Technology |
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Build a portfolio that complements ABBV
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