Looking to balance out your exposure to ADRNY? The ETFs below have the lowest correlation with ADRNY — they tend to move on their own, which can help reduce risk when ADRNY drops. The stock ideas table highlights individual companies that behave independently from ADRNY.
No Diversifiers Found for ADRNY
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ADRNY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ADRNY and solid risk/return profiles. The least correlated is Shell plc (SHEL) (Energy) with a 1Y correlation of 0.04, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Shell plc | 0.04 | 0.10 | 0.12 | 62 | Energy | |
| Cboe Global Markets, Inc. | 0.15 | 0.16 | 0.19 | 52 | Financial Services | |
| Eli Lilly and Company | 0.15 | 0.10 | 0.15 | 75 | Healthcare | |
| Fomento Económico Mexicano, S.A.B. de C.V. | 0.20 | 0.20 | 0.22 | 76 | Consumer Defensive | |
| Verizon Communications Inc. | 0.21 | 0.22 | 0.24 | 62 | Communication Services |
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