Looking to balance out your exposure to ABVX? The ETFs below have historically moved differently from ABVX, 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 ABVX
2 ETFs have low correlation with ABVX (below 0.3), 0 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily GOOGL Bull 2X Shares | 0.20 | — | — | 91 | Leveraged Equities | ABVX vs GGLL | |
| State Street SPDR S&P 500 ETF | 0.21 | — | — | 67 | S&P 500 | ABVX vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ABVX, 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 ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.16, down from -0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.16 | -0.06 | -0.06 | 72 | Energy | |
| Altria Group, Inc. | -0.08 | -0.01 | -0.01 | 66 | Consumer Defensive | |
| Super Group (SGHC) Limited | -0.03 | 0.07 | 0.07 | 67 | Consumer Cyclical | |
| Coca-Cola Consolidated, Inc. | 0.03 | 0.03 | 0.03 | 87 | Consumer Defensive | |
| Centene Corporation | 0.03 | 0.04 | 0.04 | 95 | Healthcare |
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