Looking to balance out your exposure to ACGL? The ETFs below have the lowest correlation with ACGL — they tend to move on their own, which can help reduce risk when ACGL drops. The stock ideas table highlights individual companies that behave independently from ACGL.
Best Diversifiers for ACGL
14 ETFs have low correlation with ACGL (below 0.3), 10 of which are negatively correlated. The least correlated is iShares Semiconductor ETF (SOXX) (Semiconductors) with a 1Y correlation of -0.28, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Semiconductor ETF | -0.28 | -0.09 | 0.08 | 96 | Semiconductors, Technology Equities | ACGL vs SOXX | |
| Direxion Daily Semiconductor Bull 3X ETF | -0.28 | -0.09 | 0.08 | 97 | Leveraged Equities, Semiconductors | ACGL vs SOXL | |
| Direxion Daily Technology Bull 3X Shares | -0.27 | -0.05 | 0.14 | 84 | Leveraged Equities, Technology Equities | ACGL vs TECL | |
| Vanguard Information Technology ETF | -0.25 | -0.05 | 0.13 | 76 | Technology Equities | ACGL vs VGT | |
| ProShares UltraPro QQQ | -0.20 | -0.01 | 0.15 | 71 | Leveraged Equities | ACGL vs TQQQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ACGL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ACGL and solid risk/return profiles. The least correlated is Celestica Inc. (CLS) (Technology) with a 1Y correlation of -0.34, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Celestica Inc. | -0.34 | -0.09 | 0.08 | 94 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.31 | -0.15 | 0.00 | 95 | Technology | |
| Micron Technology, Inc. | -0.29 | -0.11 | 0.05 | 99 | Technology | |
| Advanced Micro Devices, Inc. | -0.28 | -0.06 | 0.07 | 97 | Technology | |
| Broadcom Inc. | -0.27 | -0.09 | 0.07 | 76 | Technology |
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