Looking to diversify beyond ACYN? The ETFs below have historically moved differently from ACYN, 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 ACYN
2 ETFs have low correlation with ACYN (below 0.3), 0 of which are negatively correlated. The least correlated is First Trust Morningstar Dividend Leaders Index Fund (FDL) (Large Cap Value Equities) with a 1Y correlation of 0.03, roughly unchanged from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Morningstar Dividend Leaders Index Fun... | 0.03 | 0.03 | 0.03 | 89 | Large Cap Value Equities, Dividend | ACYN vs FDL | |
| Parametric Equity Premium Income ETF | 0.09 | 0.09 | 0.09 | 62 | Derivative Income | ACYN vs PAPI | |
| YieldMax Semiconductor Portfolio Option Income ETF | 0.41 | 0.41 | 0.41 | 87 | Derivative Income, Semiconductors | ACYN vs CHPY | |
| Calamos Autocallable Income ETF | 0.47 | 0.47 | 0.47 | 73 | Derivative Income | ACYN vs CAIE |
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