Looking to balance out your exposure to ABVX? The ETFs below have the lowest correlation with ABVX — they tend to move on their own, which can help reduce risk when ABVX drops. The stock ideas table highlights individual companies that behave independently from ABVX.
Best Diversifiers for ABVX
2 ETFs have low correlation with ABVX (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.21 | — | — | 59 | Nasdaq-100 | ABVX vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.22 | — | — | 59 | S&P 500 | ABVX vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ABVX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ABVX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.04, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.04 | 0.01 | 0.01 | 72 | Consumer Defensive | |
| Centene Corporation | -0.00 | 0.04 | 0.04 | 52 | Healthcare | |
| Super Group (SGHC) Limited | 0.02 | — | — | 68 | Consumer Cyclical | |
| Coca-Cola Consolidated, Inc. | 0.02 | 0.03 | 0.03 | 85 | Consumer Defensive | |
| Medpace Holdings, Inc. | 0.04 | — | — | 72 | Healthcare |
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