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
1 ETFs have low correlation with ABSI (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Health Care ETF (VHT) (Health & Biotech Equities) with a 1Y correlation of 0.24, roughly unchanged from 0.31 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Health Care ETF | 0.24 | 0.31 | — | 58 | Health & Biotech Equities | ABSI vs VHT | |
| State Street SPDR S&P 500 ETF | 0.44 | 0.45 | — | 65 | S&P 500 | ABSI vs SPY | |
| Vanguard S&P 500 ETF | 0.44 | 0.45 | — | 66 | S&P 500 | ABSI vs VOO | |
| SPDR S&P Biotech ETF | 0.56 | 0.58 | — | 93 | Health & Biotech Equities | ABSI vs XBI |
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 0.04, roughly unchanged from 0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Merck & Co., Inc. | 0.04 | 0.03 | — | 92 | Healthcare | |
| CBL & Associates Properties, Inc. | 0.17 | 0.23 | — | 98 | ||
| Cellebrite DI Ltd. | 0.19 | 0.26 | — | 52 | Technology | |
| AbCellera Biologics Inc. | 0.61 | 0.54 | — | 66 | Healthcare |
Build a portfolio that complements ABSI
Add ABSI to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ABSI