Looking to balance out your exposure to ACKAY? The ETFs below have the lowest correlation with ACKAY — they tend to move on their own, which can help reduce risk when ACKAY drops. The stock ideas table highlights individual companies that behave independently from ACKAY.
Best Diversifiers for ACKAY
1 ETFs have low correlation with ACKAY (below 0.3), 1 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of -0.05, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | -0.05 | -0.04 | 0.01 | 70 | S&P 500 | ACKAY vs VOO |
Diversification Analysis
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