Looking to balance out your exposure to ABCB? The ETFs below have the lowest correlation with ABCB — they tend to move on their own, which can help reduce risk when ABCB drops. The stock ideas table highlights individual companies that behave independently from ABCB.
No Diversifiers Found for ABCB
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ABCB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ABCB and solid risk/return profiles. The least correlated is AppLovin Corporation (APP) (Communication Services) with a 1Y correlation of 0.03, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AppLovin Corporation | 0.03 | 0.19 | 0.23 | 58 | Communication Services | |
| NVIDIA Corporation | 0.05 | 0.16 | 0.25 | 70 | Technology | |
| Gold Fields Limited | 0.06 | 0.06 | 0.07 | 62 | Basic Materials | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.10 | 0.20 | 0.28 | 93 | Technology | |
| Cisco Systems, Inc. | 0.16 | 0.28 | 0.35 | 93 | Technology |
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