Looking to balance out your exposure to ACEL? The ETFs below have the lowest correlation with ACEL — they tend to move on their own, which can help reduce risk when ACEL drops. The stock ideas table highlights individual companies that behave independently from ACEL.
Best Diversifiers for ACEL
0 ETFs have low correlation with ACEL (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.36, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.36 | 0.43 | 0.47 | 70 | S&P 500 | ACEL vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ACEL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ACEL and solid risk/return profiles. The least correlated is Hawkins, Inc. (HWKN) (Basic Materials) with a 1Y correlation of 0.27, roughly unchanged from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Hawkins, Inc. | 0.27 | 0.32 | 0.34 | 52 | Basic Materials | |
| Rush Street Interactive, Inc. | 0.41 | 0.37 | 0.44 | 85 | Consumer Cyclical |
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