Looking to balance out your exposure to ACVA? The ETFs below have the lowest correlation with ACVA — they tend to move on their own, which can help reduce risk when ACVA drops. The stock ideas table highlights individual companies that behave independently from ACVA.
Best Diversifiers for ACVA
1 ETFs have low correlation with ACVA (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.28, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.28 | 0.48 | 0.48 | 65 | S&P 500 | ACVA vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ACVA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ACVA and solid risk/return profiles. The least correlated is AbbVie Inc. (ABBV) (Healthcare) with a 1Y correlation of -0.12, down from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AbbVie Inc. | -0.12 | 0.01 | 0.00 | 81 | Healthcare | |
| Philip Morris International Inc. | -0.11 | 0.03 | 0.05 | 52 | Consumer Defensive | |
| McKesson Corporation | -0.04 | -0.03 | -0.00 | 62 | Healthcare | |
| Madrigal Pharmaceuticals, Inc. | 0.01 | 0.17 | 0.22 | 79 | Healthcare | |
| Crescent Energy Company | 0.04 | 0.20 | — | 64 | Utilities |
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