Looking to balance out your exposure to ADDYY? The ETFs below have the lowest correlation with ADDYY — they tend to move on their own, which can help reduce risk when ADDYY drops. The stock ideas table highlights individual companies that behave independently from ADDYY.
Best Diversifiers for ADDYY
0 ETFs have low correlation with ADDYY (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 0.40, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.40 | 0.42 | 0.51 | 70 | S&P 500 | ADDYY vs SPY | |
| Vanguard S&P 500 ETF | 0.41 | 0.42 | 0.51 | 70 | S&P 500 | ADDYY vs VOO | |
| Schwab U.S. Large-Cap ETF | 0.41 | 0.43 | 0.52 | 67 | Large Cap Blend Equities | ADDYY vs SCHX |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ADDYY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ADDYY and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.03, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.03 | 0.17 | 0.32 | 78 | Technology | |
| PUMA SE | 0.52 | 0.52 | 0.53 | 53 | Consumer Cyclical |
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