Looking to balance out your exposure to ADOOY? The ETFs below have the lowest correlation with ADOOY — they tend to move on their own, which can help reduce risk when ADOOY drops. The stock ideas table highlights individual companies that behave independently from ADOOY.
Best Diversifiers for ADOOY
2 ETFs have low correlation with ADOOY (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.04, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.04 | 0.06 | 0.05 | 59 | S&P 500 | ADOOY vs VOO | |
| State Street SPDR S&P 500 ETF | 0.04 | 0.06 | 0.05 | 59 | S&P 500 | ADOOY vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ADOOY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ADOOY and solid risk/return profiles. The least correlated is Taiwan Semiconductor Manufacturing Company Limited (TSM) (Technology) with a 1Y correlation of -0.05, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited | -0.05 | 0.00 | 0.01 | 93 | Technology | |
| Coca-Cola Consolidated, Inc. | -0.04 | -0.02 | -0.04 | 85 | Consumer Defensive | |
| Applied Digital Corporation | -0.03 | -0.00 | -0.01 | 94 | Technology | |
| IES Holdings, Inc. | -0.03 | -0.04 | -0.02 | 91 | Industrials | |
| Advantest Corp DRC | -0.00 | 0.03 | 0.03 | 91 | Technology |
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