Looking to balance out your exposure to ABM? The ETFs below have the lowest correlation with ABM — they tend to move on their own, which can help reduce risk when ABM drops. The stock ideas table highlights individual companies that behave independently from ABM.
Best Diversifiers for ABM
1 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 0.16, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.16 | 0.23 | 0.30 | 76 | Technology Equities | ABM vs VGT | |
| State Street SPDR S&P 500 ETF | 0.36 | 0.38 | 0.44 | 74 | S&P 500 | ABM vs SPY | |
| iShares Core S&P 500 ETF | 0.36 | 0.38 | 0.43 | 74 | S&P 500 | ABM vs IVV |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ABM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ABM and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of 0.02, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | 0.02 | 0.17 | 0.25 | 73 | Consumer Defensive | |
| Canadian Utilities Limited | 0.03 | 0.13 | 0.16 | 91 | Utilities | |
| Archer-Daniels-Midland Company | 0.06 | 0.20 | 0.31 | 94 | Consumer Defensive | |
| Fortis Inc | 0.07 | 0.20 | 0.22 | 79 | Utilities | |
| Amphenol Corporation | 0.08 | 0.23 | 0.33 | 77 | Technology |
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