Looking to balance out your exposure to ADEA? The ETFs below have the lowest correlation with ADEA — they tend to move on their own, which can help reduce risk when ADEA drops. The stock ideas table highlights individual companies that behave independently from ADEA.
Best Diversifiers for ADEA
0 ETFs have low correlation with ADEA (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 0.53, roughly unchanged from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.53 | 0.50 | 0.50 | 70 | S&P 500 | ADEA vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ADEA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ADEA and solid risk/return profiles. The least correlated is Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of -0.17, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | -0.17 | -0.05 | 0.01 | 92 | Healthcare | |
| The Coca-Cola Company | -0.10 | -0.03 | 0.05 | 66 | Consumer Defensive | |
| Walmart Inc. | -0.07 | 0.01 | 0.04 | 63 | Consumer Defensive | |
| Verizon Communications Inc. | -0.04 | -0.00 | 0.05 | 59 | Communication Services | |
| Chevron Corporation | -0.01 | 0.09 | 0.14 | 83 | Energy |
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