Looking to balance out your exposure to ADP? The ETFs below have the lowest correlation with ADP — they tend to move on their own, which can help reduce risk when ADP drops. The stock ideas table highlights individual companies that behave independently from ADP.
Best Diversifiers for ADP
257 ETFs have low correlation with ADP (below 0.3), 103 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.81, roughly unchanged from -0.81 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.81 | -0.81 | -0.81 | 99 | Leveraged Equities, Semiconductors | ADP vs MUU | |
| ProShares Ultra Semiconductors | -0.29 | -0.04 | 0.22 | 70 | Leveraged Equities, Semiconductors | ADP vs USD | |
| Xtrackers Semiconductor Select Equity ETF | -0.28 | 0.00 | -0.00 | 95 | Semiconductors, Technology Equities | ADP vs CHPS | |
| Invesco PHLX Semiconductor ETF | -0.28 | -0.00 | 0.24 | 92 | Semiconductors, Technology Equities | ADP vs SOXQ | |
| iShares Semiconductor ETF | -0.26 | 0.00 | 0.25 | 93 | Semiconductors, Technology Equities | ADP vs SOXX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ADP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ADP and solid risk/return profiles. The least correlated is GE Vernova Inc. (GEV) (Industrials) with a 1Y correlation of -0.34, down from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| GE Vernova Inc. | -0.34 | -0.07 | -0.07 | 89 | Industrials | |
| Corning Incorporated | -0.32 | 0.01 | 0.23 | 97 | Technology | |
| Sterling Infrastructure, Inc. | -0.31 | -0.03 | 0.13 | 92 | Industrials | |
| Teradyne, Inc. | -0.31 | -0.00 | 0.23 | 96 | Technology | |
| Eaton Corporation plc | -0.30 | 0.05 | 0.28 | 57 | Industrials |
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Build a portfolio that complements ADP
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