Looking to balance out your exposure to ADXN? The ETFs below have the lowest correlation with ADXN — they tend to move on their own, which can help reduce risk when ADXN drops. The stock ideas table highlights individual companies that behave independently from ADXN.
Best Diversifiers for ADXN
1 ETFs have low correlation with ADXN (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 0.06, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.06 | 0.12 | 0.10 | 70 | S&P 500 | ADXN vs SPY |
Diversification Analysis
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