Looking to balance out your exposure to ABNB? The ETFs below have the lowest correlation with ABNB — they tend to move on their own, which can help reduce risk when ABNB drops. The stock ideas table highlights individual companies that behave independently from ABNB.
Best Diversifiers for ABNB
85 ETFs have low correlation with ABNB (below 0.3), 7 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.14, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.14 | -0.03 | 0.06 | 66 | Oil & Gas | ABNB vs USO | |
| ProShares Ultra Bloomberg Crude Oil | -0.09 | -0.01 | 0.07 | 54 | Leveraged Commodities | ABNB vs UCO | |
| Invesco DB Commodity Index Tracking Fund | -0.06 | 0.05 | 0.12 | 75 | Commodities | ABNB vs DBC | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.05 | 0.05 | 0.11 | 74 | Commodities | ABNB vs PDBC | |
| WisdomTree Floating Rate Treasury Fund | -0.03 | 0.02 | 0.01 | 100 | Government Bonds, Ultrashort Bond | ABNB vs USFR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ABNB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ABNB and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.14, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.14 | -0.07 | -0.03 | 53 | Utilities | |
| Johnson & Johnson | -0.09 | -0.07 | -0.03 | 92 | Healthcare | |
| Altria Group, Inc. | -0.09 | 0.00 | 0.04 | 69 | Consumer Defensive | |
| Welltower Inc. | -0.08 | 0.06 | 0.14 | 79 | Real Estate | |
| American Electric Power Company, Inc. | -0.08 | -0.05 | 0.01 | 79 | Utilities |
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