Looking to balance out your exposure to ADTN? The ETFs below have the lowest correlation with ADTN — they tend to move on their own, which can help reduce risk when ADTN drops. The stock ideas table highlights individual companies that behave independently from ADTN.
Best Diversifiers for ADTN
0 ETFs have low correlation with ADTN (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 0.45, roughly unchanged from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.45 | 0.43 | 0.47 | 70 | S&P 500 | ADTN vs SPY | |
| Vanguard S&P 500 ETF | 0.45 | 0.43 | 0.47 | 70 | S&P 500 | ADTN vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ADTN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ADTN and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.07, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.07 | -0.02 | 0.05 | 59 | Communication Services | |
| SK Telecom Co.,Ltd | 0.11 | 0.12 | 0.18 | 95 | Communication Services | |
| Telefônica Brasil S.A. | 0.20 | 0.13 | 0.12 | 73 | Communication Services | |
| América Móvil, S.A.B. de C.V. | 0.22 | 0.19 | 0.20 | 87 | Communication Services | |
| Credo Technology Group Holding Ltd | 0.24 | 0.30 | — | 85 | Technology |
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