Looking to balance out your exposure to ACN? The ETFs below have the lowest correlation with ACN — they tend to move on their own, which can help reduce risk when ACN drops. The stock ideas table highlights individual companies that behave independently from ACN.
Best Diversifiers for ACN
255 ETFs have low correlation with ACN (below 0.3), 23 of which are negatively correlated. The least correlated is Invesco DB Commodity Index Tracking Fund (DBC) (Commodities) with a 1Y correlation of -0.12, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Commodity Index Tracking Fund | -0.12 | -0.08 | 0.04 | 75 | Commodities | ACN vs DBC | |
| ProShares Ultra Bloomberg Crude Oil | -0.10 | -0.09 | 0.01 | 54 | Leveraged Commodities | ACN vs UCO | |
| United States Oil Fund LP | -0.10 | -0.09 | 0.02 | 66 | Oil & Gas | ACN vs USO | |
| ProShares Ultra Semiconductors | -0.10 | 0.20 | 0.40 | 90 | Leveraged Equities, Semiconductors | ACN vs USD | |
| YieldMax NVDA Option Income Strategy ETF | -0.09 | 0.14 | — | 52 | Derivative Income, Options Trading | ACN vs NVDY |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ACN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ACN and solid risk/return profiles. The least correlated is Lumentum Holdings Inc. (LITE) (Technology) with a 1Y correlation of -0.21, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lumentum Holdings Inc. | -0.21 | 0.07 | 0.24 | 99 | Technology | |
| Comfort Systems USA, Inc. | -0.21 | 0.12 | 0.27 | 98 | Industrials | |
| Bloom Energy Corporation | -0.19 | 0.03 | 0.20 | 99 | Industrials | |
| Vertiv Holdings Co. | -0.18 | 0.12 | 0.29 | 94 | Industrials | |
| Seagate Technology plc | -0.18 | 0.13 | 0.30 | 99 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements ACN
Add ACN to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ACN