Looking to balance out your exposure to ABEV? The ETFs below have the lowest correlation with ABEV — they tend to move on their own, which can help reduce risk when ABEV drops. The stock ideas table highlights individual companies that behave independently from ABEV.
Best Diversifiers for ABEV
3 ETFs have low correlation with ABEV (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.24, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.24 | 0.27 | 0.30 | 70 | S&P 500 | ABEV vs VOO | |
| State Street SPDR S&P 500 ETF | 0.24 | 0.27 | 0.29 | 70 | S&P 500 | ABEV vs SPY | |
| iShares Core S&P 500 ETF | 0.24 | 0.27 | 0.29 | 70 | S&P 500 | ABEV vs IVV | |
| Vanguard FTSE Developed Markets ETF | 0.43 | 0.40 | 0.41 | 59 | Foreign Large Cap Equities | ABEV vs VEA |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ABEV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ABEV and solid risk/return profiles. The least correlated is The Hershey Company (HSY) (Consumer Defensive) with a 1Y correlation of 0.05, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Hershey Company | 0.05 | 0.13 | 0.14 | 55 | Consumer Defensive | |
| The New York Times Company | 0.08 | 0.15 | 0.16 | 78 | Communication Services | |
| Adecoagro S.A. | 0.09 | 0.22 | 0.26 | 64 | Consumer Defensive | |
| Corteva, Inc. | 0.10 | 0.21 | 0.24 | 51 | Basic Materials | |
| Altria Group, Inc. | 0.11 | 0.12 | 0.15 | 69 | Consumer Defensive |
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