Looking to balance out your exposure to ADV? The ETFs below have the lowest correlation with ADV — they tend to move on their own, which can help reduce risk when ADV drops. The stock ideas table highlights individual companies that behave independently from ADV.
Best Diversifiers for ADV
1 ETFs have low correlation with ADV (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 0.25, roughly unchanged from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.25 | 0.32 | 0.35 | 70 | S&P 500 | ADV vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ADV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ADV and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of -0.04, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | -0.04 | 0.04 | 0.05 | 72 | Healthcare |
Build a portfolio that complements ADV
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