Looking to balance out your exposure to ABM? The ETFs below have historically moved differently from ABM, 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 ABM
3 ETFs have low correlation with ABM (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 0.00, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.00 | 0.18 | 0.27 | 52 | Technology Equities | ABM vs VGT | |
| State Street SPDR S&P 500 ETF | 0.22 | 0.35 | 0.41 | 67 | S&P 500 | ABM vs SPY | |
| iShares Core S&P 500 ETF | 0.24 | 0.36 | 0.41 | 67 | S&P 500 | ABM vs IVV |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ABM, 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 Canadian Utilities Limited (CDUAF) (Utilities) with a 1Y correlation of -0.01, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Utilities Limited | -0.01 | 0.14 | 0.16 | 98 | Utilities | |
| Amphenol Corporation | -0.01 | 0.18 | 0.30 | 77 | Technology | |
| Archer-Daniels-Midland Company | 0.03 | 0.18 | 0.29 | 90 | Consumer Defensive | |
| EMCOR Group, Inc. | 0.07 | 0.25 | 0.38 | 65 | Industrials | |
| Altria Group, Inc. | 0.10 | 0.18 | 0.24 | 66 | Consumer Defensive |
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