Looking to diversify beyond ABNY? The ETFs below have the lowest correlation with ABNY — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from ABNY.
Best Diversifiers for ABNY
682 ETFs have low correlation with ABNY (below 0.3), 72 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.25, roughly unchanged from -0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.25 | -0.30 | -0.30 | 53 | Inverse Equities | ABNY vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.25 | — | — | 60 | Inverse Equities, Leveraged Equities | ABNY vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.21 | — | — | 65 | Derivative Income | ABNY vs WNTR | |
| Return Stacked Bonds & Futures Yield ETF | -0.17 | -0.15 | -0.15 | 51 | Multistrategy | ABNY vs RSBY | |
| United States Gasoline Fund LP | -0.13 | -0.05 | -0.05 | 72 | Oil & Gas | ABNY vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ABNY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ABNY and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Airbnb, Inc. | 0.90 | — | — | 52 | Consumer Cyclical |
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