Looking to balance out your exposure to ABR? The ETFs below have the lowest correlation with ABR — they tend to move on their own, which can help reduce risk when ABR drops. The stock ideas table highlights individual companies that behave independently from ABR.
Best Diversifiers for ABR
102 ETFs have low correlation with ABR (below 0.3), 4 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.09, roughly unchanged from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.09 | -0.06 | -0.06 | 100 | Government Bonds, Ultrashort Bond | ABR vs BIL | |
| WisdomTree Floating Rate Treasury Fund | -0.08 | -0.05 | -0.05 | 100 | Government Bonds, Ultrashort Bond | ABR vs USFR | |
| iShares 0-3 Month Treasury Bond ETF | -0.05 | 0.01 | -0.03 | 100 | Ultrashort Bond | ABR vs SGOV | |
| Vanguard 0-3 Month Treasury Bill ETF | -0.02 | — | — | 100 | Ultrashort Bond | ABR vs VBIL | |
| iShares Treasury Floating Rate Bond ETF | 0.01 | -0.01 | -0.03 | 100 | Government Bonds, Ultrashort Bond | ABR vs TFLO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ABR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ABR and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.03, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.03 | 0.06 | 0.15 | 69 | Consumer Defensive | |
| The Coca-Cola Company | -0.03 | 0.11 | 0.20 | 74 | Consumer Defensive | |
| Altria Group, Inc. | -0.03 | 0.13 | 0.21 | 72 | Consumer Defensive | |
| Monster Beverage Corporation | -0.03 | 0.11 | 0.20 | 85 | Consumer Defensive | |
| Lumentum Holdings Inc. | -0.01 | 0.16 | 0.24 | 99 | Technology |
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Build a portfolio that complements ABR
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