Looking to balance out your exposure to ADSK? The ETFs below have the lowest correlation with ADSK — they tend to move on their own, which can help reduce risk when ADSK drops. The stock ideas table highlights individual companies that behave independently from ADSK.
Best Diversifiers for ADSK
6 ETFs have low correlation with ADSK (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco S&P 500 Momentum ETF (SPMO) (Momentum) with a 1Y correlation of -0.01, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500 Momentum ETF | -0.01 | 0.38 | 0.49 | 51 | Momentum, S&P 500 | ADSK vs SPMO | |
| Schwab U.S. Dividend Equity ETF | 0.16 | 0.37 | 0.48 | 91 | Dividend | ADSK vs SCHD | |
| State Street Technology Select Sector SPDR ETF | 0.17 | 0.47 | 0.62 | 54 | Technology Equities | ADSK vs XLK | |
| Invesco QQQ ETF | 0.18 | 0.49 | 0.64 | 53 | Nasdaq-100 | ADSK vs QQQ | |
| Vanguard S&P 500 ETF | 0.24 | 0.54 | 0.66 | 66 | S&P 500 | ADSK vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ADSK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ADSK and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.14, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.14 | 0.01 | 0.12 | 84 | Consumer Defensive | |
| Comfort Systems USA, Inc. | -0.12 | 0.25 | 0.34 | 97 | Industrials | |
| Ultra Clean Holdings, Inc. | -0.11 | 0.24 | 0.38 | 95 | Technology | |
| Lam Research Corporation | -0.11 | 0.25 | 0.42 | 97 | Technology | |
| Corning Incorporated | -0.11 | 0.24 | 0.38 | 95 | Technology |
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