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
96 ETFs have low correlation with ABNB (below 0.3), 5 of which are negatively correlated. The least correlated is Invesco DB Commodity Index Tracking Fund (DBC) (Commodities) with a 1Y correlation of -0.14, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Commodity Index Tracking Fund | -0.14 | 0.00 | 0.10 | 54 | Commodities | ABNB vs DBC | |
| Invesco DB US Dollar Index Bullish Fund | -0.14 | -0.07 | -0.18 | 51 | Currency | ABNB vs UUP | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.13 | 0.00 | 0.10 | 55 | Commodities | ABNB vs PDBC | |
| Global X MLP & Energy Infrastructure ETF | -0.11 | 0.13 | 0.25 | 72 | MLPs | ABNB vs MLPX | |
| WisdomTree Floating Rate Treasury Fund | -0.10 | -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 Enbridge Inc. (ENB) (Energy) with a 1Y correlation of -0.16, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enbridge Inc. | -0.16 | 0.06 | 0.20 | 88 | Energy | |
| Duke Energy Corporation | -0.12 | -0.07 | -0.03 | 66 | Utilities | |
| Cheniere Energy, Inc. | -0.11 | 0.04 | 0.15 | 58 | Energy | |
| Johnson & Johnson | -0.10 | -0.07 | -0.03 | 97 | Healthcare | |
| American Electric Power Company, Inc. | -0.10 | -0.05 | 0.01 | 88 | Utilities |
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