Looking to balance out your exposure to ABT? The ETFs below have the lowest correlation with ABT — they tend to move on their own, which can help reduce risk when ABT drops. The stock ideas table highlights individual companies that behave independently from ABT.
Best Diversifiers for ABT
265 ETFs have low correlation with ABT (below 0.3), 53 of which are negatively correlated. The least correlated is ProShares Ultra Bloomberg Crude Oil (UCO) (Leveraged Commodities) with a 1Y correlation of -0.17, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Bloomberg Crude Oil | -0.17 | -0.12 | -0.05 | 54 | Leveraged Commodities | ABT vs UCO | |
| United States Oil Fund LP | -0.16 | -0.11 | -0.04 | 66 | Oil & Gas | ABT vs USO | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.15 | -0.08 | -0.02 | 74 | Commodities | ABT vs PDBC | |
| Invesco DB Commodity Index Tracking Fund | -0.15 | -0.08 | -0.02 | 75 | Commodities | ABT vs DBC | |
| Roundhill Generative AI & Technology ETF | -0.14 | -0.03 | — | 94 | Technology Equities | ABT vs CHAT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ABT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ABT and solid risk/return profiles. The least correlated is Advanced Micro Devices, Inc. (AMD) (Technology) with a 1Y correlation of -0.19, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Advanced Micro Devices, Inc. | -0.19 | -0.06 | 0.11 | 98 | Technology | |
| Powell Industries, Inc. | -0.16 | -0.05 | 0.05 | 98 | Industrials | |
| Seagate Technology plc | -0.15 | 0.01 | 0.16 | 99 | Technology | |
| Applied Digital Corporation | -0.15 | 0.03 | 0.08 | 92 | Financial Services | |
| Oracle Corporation | -0.15 | 0.03 | 0.19 | 58 | Technology |
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Build a portfolio that complements ABT
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