Looking to balance out your exposure to ACIW? The ETFs below have the lowest correlation with ACIW — they tend to move on their own, which can help reduce risk when ACIW drops. The stock ideas table highlights individual companies that behave independently from ACIW.
Best Diversifiers for ACIW
3 ETFs have low correlation with ACIW (below 0.3), 0 of which are negatively correlated. The least correlated is Convergence Long/Short Equity ETF (CLSE) (Long-Short) with a 1Y correlation of 0.07, down from 0.27 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Convergence Long/Short Equity ETF | 0.07 | 0.27 | — | 95 | Long-Short, Actively Managed | ACIW vs CLSE | |
| iShares Expanded Tech Sector ETF | 0.21 | 0.38 | 0.47 | 61 | Technology Equities | ACIW vs IGM | |
| Vanguard Total World Stock ETF | 0.29 | 0.47 | 0.55 | 59 | Global Equities | ACIW vs VT | |
| State Street SPDR S&P 500 ETF | 0.33 | 0.47 | 0.54 | 59 | S&P 500 | ACIW vs SPY | |
| Vanguard Total Stock Market ETF | 0.33 | 0.49 | 0.56 | 59 | Large Cap Blend Equities | ACIW vs VTI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ACIW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ACIW and solid risk/return profiles. The least correlated is Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of -0.08, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | -0.08 | 0.15 | 0.28 | 99 | Technology | |
| Gold Fields Limited | -0.06 | 0.04 | 0.06 | 63 | Basic Materials | |
| Agnico Eagle Mines Limited | -0.05 | 0.08 | 0.12 | 62 | Basic Materials | |
| First Solar, Inc. | -0.03 | 0.13 | 0.18 | 76 | Technology | |
| Eldorado Gold Corporation | -0.02 | 0.08 | 0.13 | 67 | Basic Materials |
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