Looking to balance out your exposure to ABSI? The ETFs below have the lowest correlation with ABSI — they tend to move on their own, which can help reduce risk when ABSI drops. The stock ideas table highlights individual companies that behave independently from ABSI.
Best Diversifiers for ABSI
0 ETFs have low correlation with ABSI (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.44, roughly unchanged from 0.44 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.44 | 0.44 | — | 74 | S&P 500 | ABSI vs VOO | |
| State Street SPDR S&P 500 ETF | 0.45 | 0.44 | — | 74 | S&P 500 | ABSI vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ABSI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ABSI and solid risk/return profiles. The least correlated is Merck & Co., Inc. (MRK) (Healthcare) with a 1Y correlation of 0.07, roughly unchanged from 0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Merck & Co., Inc. | 0.07 | 0.02 | — | 90 | Healthcare | |
| AbCellera Biologics Inc. | 0.57 | 0.54 | — | 83 | Healthcare |
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