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
232 ETFs have low correlation with ABT (below 0.3), 43 of which are negatively correlated. The least correlated is Invesco PHLX Semiconductor ETF (SOXQ) (Semiconductors) with a 1Y correlation of -0.14, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco PHLX Semiconductor ETF | -0.14 | -0.02 | 0.18 | 94 | Semiconductors, Technology Equities | ABT vs SOXQ | |
| Roundhill Generative AI & Technology ETF | -0.14 | -0.04 | — | 89 | Technology Equities | ABT vs CHAT | |
| iShares Semiconductor ETF | -0.14 | -0.02 | 0.18 | 95 | Semiconductors, Technology Equities | ABT vs SOXX | |
| VistaShares Artificial Intelligence Supercycle ETF | -0.13 | — | — | 96 | Technology Equities | ABT vs AIS | |
| First Trust Nasdaq Semiconductor ETF | -0.13 | -0.01 | 0.18 | 96 | Semiconductors, Technology Equities | ABT vs FTXL |
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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 -0.18, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Advanced Micro Devices, Inc. | -0.18 | -0.06 | 0.10 | 97 | Technology | |
| Powell Industries, Inc. | -0.17 | -0.05 | 0.05 | 98 | Industrials | |
| Lumentum Holdings Inc. | -0.14 | -0.04 | 0.10 | 99 | Technology | |
| Seagate Technology plc | -0.14 | 0.00 | 0.16 | 99 | Technology | |
| Intel Corporation | -0.13 | 0.01 | 0.16 | 99 | Technology |
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Build a portfolio that complements ABT
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