Looking to balance out your exposure to ACIW? The ETFs below have historically moved differently from ACIW, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for ACIW
7 ETFs have low correlation with ACIW (below 0.3), 1 of which are negatively correlated. The least correlated is Convergence Long/Short Equity ETF (CLSE) (Long-Short) with a 1Y correlation of -0.03, down from 0.23 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Convergence Long/Short Equity ETF | -0.03 | 0.23 | — | 96 | Long-Short, Actively Managed | ACIW vs CLSE | |
| iShares Expanded Tech Sector ETF | 0.12 | 0.34 | 0.45 | 54 | Technology Equities | ACIW vs IGM | |
| Vanguard Total World Stock ETF | 0.21 | 0.44 | 0.53 | 70 | Global Equities | ACIW vs VT | |
| ProShares Ultra S&P500 | 0.25 | 0.44 | 0.52 | 54 | Leveraged Equities, S&P 500 | ACIW vs SSO | |
| State Street SPDR S&P 500 ETF | 0.25 | 0.44 | 0.52 | 67 | S&P 500 | ACIW vs SPY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ACIW, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of -0.13, down from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | -0.13 | 0.12 | 0.26 | 99 | Technology | |
| First Solar, Inc. | -0.10 | 0.10 | 0.16 | 58 | Technology | |
| Agnico Eagle Mines Limited | -0.08 | 0.05 | 0.11 | 56 | Basic Materials | |
| Newmont Corporation | -0.08 | 0.10 | 0.12 | 74 | Basic Materials | |
| Onto Innovation Inc. | -0.08 | 0.17 | 0.30 | 93 | Technology |
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