Looking to balance out your exposure to ACFN? The ETFs below have the lowest correlation with ACFN — they tend to move on their own, which can help reduce risk when ACFN drops. The stock ideas table highlights individual companies that behave independently from ACFN.
Best Diversifiers for ACFN
1 ETFs have low correlation with ACFN (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 0.20, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.20 | 0.20 | 0.20 | 65 | S&P 500 | ACFN vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ACFN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ACFN and solid risk/return profiles. The least correlated is Ascendis Pharma A/S (ASND) (Healthcare) with a 1Y correlation of -0.01, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ascendis Pharma A/S | -0.01 | -0.01 | -0.01 | 81 | Healthcare | |
| Blue Bird Corporation | 0.05 | 0.05 | 0.05 | 88 | Consumer Cyclical | |
| Micron Technology, Inc. | 0.06 | 0.06 | 0.06 | 99 | Technology | |
| Argan, Inc. | 0.08 | 0.08 | 0.08 | 92 | Industrials | |
| Texas Pacific Land Corporation | 0.09 | 0.09 | 0.09 | 62 | Energy |
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