Looking to balance out your exposure to ADUS? The ETFs below have historically moved differently from ADUS, 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 ADUS
3 ETFs have low correlation with ADUS (below 0.3), 0 of which are negatively correlated. The least correlated is First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) (Infrastructure Equities) with a 1Y correlation of 0.06, down from 0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust NASDAQ Clean Edge Smart Grid Infrastru... | 0.06 | 0.27 | 0.33 | 53 | Infrastructure Equities, Alternative Energy Equities, Energy Equities | ADUS vs GRID | |
| Avantis International Small Cap Value ETF | 0.15 | 0.25 | 0.26 | 81 | Foreign Small & Mid Cap Equities | ADUS vs AVDV | |
| Invesco S&P SmallCap Momentum ETF | 0.24 | 0.37 | 0.42 | 75 | Momentum, Small Cap Growth Equities | ADUS vs XSMO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ADUS, 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 Brookdale Senior Living Inc. (BKD) (Healthcare) with a 1Y correlation of 0.25, roughly unchanged from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Brookdale Senior Living Inc. | 0.25 | 0.28 | 0.29 | 90 | Healthcare |
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