Looking to balance out your exposure to ABEV? The ETFs below have historically moved differently from ABEV, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for ABEV
4 ETFs have low correlation with ABEV (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.10, roughly unchanged from -0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.10 | -0.08 | -0.06 | 100 | Ultrashort Bond | ABEV vs SGOV | |
| iShares Core S&P 500 ETF | 0.23 | 0.26 | 0.29 | 67 | S&P 500 | ABEV vs IVV | |
| State Street SPDR S&P 500 ETF | 0.23 | 0.26 | 0.29 | 67 | S&P 500 | ABEV vs SPY | |
| Vanguard S&P 500 ETF | 0.23 | 0.26 | 0.29 | 68 | S&P 500 | ABEV vs VOO | |
| Vanguard FTSE Developed Markets ETF | 0.40 | 0.38 | 0.39 | 75 | Foreign Large Cap Equities | ABEV vs VEA |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ABEV, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Service Corporation International (SCI) (Consumer Cyclical) with a 1Y correlation of -0.05, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Service Corporation International | -0.05 | 0.09 | 0.15 | 62 | Consumer Cyclical | |
| McKesson Corporation | -0.04 | -0.01 | 0.08 | 67 | Healthcare | |
| Corteva, Inc. | 0.02 | 0.20 | 0.23 | 55 | Basic Materials | |
| Fortinet, Inc. | 0.05 | 0.09 | 0.16 | 81 | Technology | |
| Altria Group, Inc. | 0.06 | 0.12 | 0.13 | 66 | Consumer Defensive |
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