Looking to balance out your exposure to ACHC? The ETFs below have the lowest correlation with ACHC — they tend to move on their own, which can help reduce risk when ACHC drops. The stock ideas table highlights individual companies that behave independently from ACHC.
No Diversifiers Found for ACHC
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 ACHC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ACHC and solid risk/return profiles. The least correlated is Teekay Tankers Ltd. (TNK) (Energy) with a 1Y correlation of -0.07, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Teekay Tankers Ltd. | -0.07 | 0.03 | 0.10 | 80 | Energy | |
| Warrior Met Coal, Inc. | -0.06 | 0.10 | 0.17 | 90 | Basic Materials | |
| Scorpio Tankers Inc. | -0.05 | 0.04 | 0.11 | 89 | Energy | |
| The New York Times Company | -0.03 | 0.12 | 0.20 | 79 | Communication Services | |
| Turning Point Brands, Inc. | 0.00 | 0.07 | 0.13 | 51 | Consumer Defensive |
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