Looking to balance out your exposure to ACAD? The ETFs below have the lowest correlation with ACAD — they tend to move on their own, which can help reduce risk when ACAD drops. The stock ideas table highlights individual companies that behave independently from ACAD.
No Diversifiers Found for ACAD
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ACAD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ACAD and solid risk/return profiles. The least correlated is Fluence Energy, Inc. (FLNC) (Utilities) with a 1Y correlation of 0.15, roughly unchanged from 0.25 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fluence Energy, Inc. | 0.15 | 0.25 | — | 92 | Utilities | |
| AbbVie Inc. | 0.20 | 0.17 | 0.18 | 68 | Healthcare | |
| Tapestry, Inc. | 0.27 | 0.23 | 0.27 | 86 | Consumer Cyclical | |
| Intellia Therapeutics, Inc. | 0.34 | 0.39 | 0.43 | 66 | Healthcare |
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