Looking to balance out your exposure to ABG? The ETFs below have the lowest correlation with ABG — they tend to move on their own, which can help reduce risk when ABG drops. The stock ideas table highlights individual companies that behave independently from ABG.
Best Diversifiers for ABG
1 ETFs have low correlation with ABG (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of 0.22, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.22 | 0.35 | 0.37 | 76 | Technology Equities | ABG vs VGT | |
| Vanguard S&P 500 ETF | 0.38 | 0.48 | 0.48 | 74 | S&P 500 | ABG vs VOO | |
| iShares Core Dividend Growth ETF | 0.48 | 0.55 | 0.52 | 78 | Large Cap Growth Equities, Dividend | ABG vs DGRO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ABG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ABG and solid risk/return profiles. The least correlated is KLA Corporation (KLAC) (Technology) with a 1Y correlation of 0.21, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| KLA Corporation | 0.21 | 0.30 | 0.32 | 95 | Technology | |
| Apple Inc | 0.22 | 0.27 | 0.30 | 90 | Technology | |
| ON Semiconductor Corporation | 0.37 | 0.43 | 0.40 | 92 | Technology | |
| Old Dominion Freight Line, Inc. | 0.42 | 0.41 | 0.41 | 75 | Industrials |
Build a portfolio that complements ABG
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