Looking to balance out your exposure to ADP? The ETFs below have historically moved differently from ADP, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for ADP
261 ETFs have low correlation with ADP (below 0.3), 122 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.35, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.35 | -0.07 | 0.20 | 52 | Leveraged Equities, Semiconductors | ADP vs USD | |
| Direxion Daily MU Bull 2X Shares | -0.35 | — | — | 98 | Leveraged Equities, Semiconductors | ADP vs MUU | |
| Invesco PHLX Semiconductor ETF | -0.34 | -0.03 | 0.22 | 88 | Semiconductors, Technology Equities | ADP vs SOXQ | |
| YieldMax Semiconductor Portfolio Option Income ETF | -0.33 | — | — | 89 | Derivative Income, Semiconductors | ADP vs CHPY | |
| iShares Semiconductor ETF | -0.33 | -0.02 | 0.23 | 90 | Semiconductors, Technology Equities | ADP vs SOXX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ADP, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Corning Incorporated (GLW) (Technology) with a 1Y correlation of -0.39, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Corning Incorporated | -0.39 | -0.01 | 0.21 | 86 | Technology | |
| Sterling Infrastructure, Inc. | -0.39 | -0.06 | 0.11 | 84 | Industrials | |
| Comfort Systems USA, Inc. | -0.38 | -0.01 | 0.21 | 95 | Industrials | |
| GE Vernova Inc. | -0.37 | — | — | 76 | Industrials | |
| Powell Industries, Inc. | -0.37 | -0.02 | 0.12 | 93 | Industrials |
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