Looking to balance out your exposure to ABT? The ETFs below have historically moved differently from ABT, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for ABT
262 ETFs have low correlation with ABT (below 0.3), 72 of which are negatively correlated. The least correlated is Roundhill Generative AI & Technology ETF (CHAT) (Artificial Intelligence) with a 1Y correlation of -0.24, down from -0.08 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Roundhill Generative AI & Technology ETF | -0.24 | -0.08 | — | 69 | Artificial Intelligence, Technology Equities | ABT vs CHAT | |
| iShares Semiconductor ETF | -0.24 | -0.06 | 0.15 | 89 | Semiconductors, Technology Equities | ABT vs SOXX | |
| Invesco Semiconductors ETF | -0.24 | -0.06 | 0.14 | 88 | Semiconductors, Technology Equities | ABT vs PSI | |
| Invesco PHLX Semiconductor ETF | -0.24 | -0.06 | 0.15 | 88 | Semiconductors, Technology Equities | ABT vs SOXQ | |
| First Trust Nasdaq Semiconductor ETF | -0.23 | -0.04 | 0.15 | 90 | Semiconductors, Technology Equities | ABT vs FTXL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ABT, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Advanced Micro Devices, Inc. (AMD) (Technology) with a 1Y correlation of -0.27, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Advanced Micro Devices, Inc. | -0.27 | -0.09 | 0.08 | 93 | Technology | |
| Intel Corporation | -0.25 | -0.03 | 0.14 | 98 | Technology | |
| Powell Industries, Inc. | -0.23 | -0.07 | 0.03 | 92 | Industrials | |
| Credo Technology Group Holding Ltd | -0.23 | -0.08 | 0.03 | 76 | Technology | |
| Lumentum Holdings Inc. | -0.22 | -0.08 | 0.08 | 99 | Technology |
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