Looking to diversify beyond ABEQ? The ETFs below have the lowest correlation with ABEQ — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from ABEQ.
Best Diversifiers for ABEQ
584 ETFs have low correlation with ABEQ (below 0.3), 27 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.24, down from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.24 | -0.15 | -0.14 | 63 | Leveraged Currency | ABEQ vs YCS | |
| United States Gasoline Fund LP | -0.11 | 0.03 | 0.17 | 55 | Oil & Gas | ABEQ vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.10 | — | — | 97 | Inflation-Protected Bonds | ABEQ vs RBIL | |
| iShares Enhanced Short-Term Bond Active ETF | -0.10 | — | — | 99 | Ultrashort Bond | ABEQ vs CSHP | |
| iShares Treasury Floating Rate Bond ETF | -0.10 | -0.09 | -0.07 | 100 | Government Bonds, Ultrashort Bond | ABEQ vs TFLO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ABEQ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ABEQ and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.03, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.03 | 0.07 | 0.22 | 72 | Technology |
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