Looking to balance out your exposure to ABVE? The ETFs below have the lowest correlation with ABVE — they tend to move on their own, which can help reduce risk when ABVE drops. The stock ideas table highlights individual companies that behave independently from ABVE.
Best Diversifiers for ABVE
1 ETFs have low correlation with ABVE (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Russell Midcap ETF (IWR) (Mid Cap Growth Equities) with a 1Y correlation of 0.18, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Russell Midcap ETF | 0.18 | 0.19 | 0.19 | 53 | Mid Cap Growth Equities | ABVE vs IWR |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ABVE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ABVE and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.02 | — | — | 57 | Financial Services | |
| PepsiCo, Inc. | 0.02 | — | — | 57 | Consumer Defensive | |
| Eli Lilly and Company | 0.03 | 0.07 | 0.07 | 75 | Healthcare | |
| Alphabet Inc. Class A | 0.03 | — | — | 96 | Communication Services | |
| The Coca-Cola Company | 0.04 | — | — | 62 | Consumer Defensive |
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