Looking to balance out your exposure to ACHV? The ETFs below have the lowest correlation with ACHV — they tend to move on their own, which can help reduce risk when ACHV drops. The stock ideas table highlights individual companies that behave independently from ACHV.
Best Diversifiers for ACHV
2 ETFs have low correlation with ACHV (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.27, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.27 | 0.25 | 0.28 | 74 | Nasdaq-100 | ACHV vs QQQ | |
| iShares MSCI USA Quality Factor ETF | 0.29 | 0.27 | 0.28 | 56 | Large Cap Blend Equities | ACHV vs QUAL | |
| Vanguard S&P 500 ETF | 0.30 | 0.27 | 0.29 | 74 | S&P 500 | ACHV vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ACHV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ACHV and solid risk/return profiles. The least correlated is Medpace Holdings, Inc. (MEDP) (Healthcare) with a 1Y correlation of 0.07, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Medpace Holdings, Inc. | 0.07 | 0.15 | 0.19 | 69 | Healthcare | |
| Halozyme Therapeutics, Inc. | 0.11 | 0.15 | 0.19 | 68 | Healthcare | |
| PureCycle Technologies, Inc. | 0.17 | 0.18 | 0.18 | 57 | Industrials | |
| Lithium Americas Corp. | 0.18 | 0.20 | 0.20 | 70 | Basic Materials | |
| Centrus Energy Corp. | 0.24 | 0.17 | 0.21 | 55 | Energy |
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