Looking to balance out your exposure to ADPT? The ETFs below have the lowest correlation with ADPT — they tend to move on their own, which can help reduce risk when ADPT drops. The stock ideas table highlights individual companies that behave independently from ADPT.
Best Diversifiers for ADPT
0 ETFs have low correlation with ADPT (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 0.32, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.32 | 0.37 | 0.44 | 70 | S&P 500 | ADPT vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ADPT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ADPT and solid risk/return profiles. The least correlated is Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of 0.14, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | 0.14 | 0.19 | 0.28 | 99 | Technology | |
| AGNC Investment Corp. | 0.17 | 0.30 | 0.35 | 76 | Real Estate |
Build a portfolio that complements ADPT
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