Looking to balance out your exposure to ACA? The ETFs below have the lowest correlation with ACA — they tend to move on their own, which can help reduce risk when ACA drops. The stock ideas table highlights individual companies that behave independently from ACA.
Best Diversifiers for ACA
0 ETFs have low correlation with ACA (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.43, roughly unchanged from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.43 | 0.48 | 0.46 | 53 | Nasdaq-100 | ACA vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.52 | 0.57 | 0.54 | 65 | S&P 500 | ACA vs SPY | |
| Invesco S&P SmallCap Industrials ETF | 0.76 | 0.78 | 0.74 | 57 | Industrials Equities | ACA vs PSCI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ACA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ACA and solid risk/return profiles. The least correlated is California Resources Corporation (CRC) (Energy) with a 1Y correlation of 0.00, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| California Resources Corporation | 0.00 | 0.29 | 0.30 | 56 | Energy | |
| Arch Capital Group Ltd. | 0.05 | 0.12 | 0.23 | 62 | Financial Services | |
| Innovex International, Inc | 0.17 | 0.26 | 0.31 | 84 | Energy | |
| Gold Fields Limited | 0.18 | 0.15 | 0.14 | 64 | Basic Materials | |
| Opera Limited | 0.18 | 0.32 | 0.27 | 52 | Communication Services |
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