Looking to balance out your exposure to ADNT? The ETFs below have the lowest correlation with ADNT — they tend to move on their own, which can help reduce risk when ADNT drops. The stock ideas table highlights individual companies that behave independently from ADNT.
Best Diversifiers for ADNT
0 ETFs have low correlation with ADNT (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 0.43, down from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.43 | 0.42 | 0.53 | 70 | S&P 500 | ADNT vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ADNT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ADNT and solid risk/return profiles. The least correlated is Alkermes plc (ALKS) (Healthcare) with a 1Y correlation of 0.14, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alkermes plc | 0.14 | 0.24 | 0.25 | 68 | Healthcare |
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