Looking to balance out your exposure to ADYEY? The ETFs below have the lowest correlation with ADYEY — they tend to move on their own, which can help reduce risk when ADYEY drops. The stock ideas table highlights individual companies that behave independently from ADYEY.
Best Diversifiers for ADYEY
2 ETFs have low correlation with ADYEY (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Rare Earth and Strategic Metals ETF (REMX) (Rare Earth & Strategic Metals) with a 1Y correlation of 0.19, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Rare Earth and Strategic Metals ETF | 0.19 | 0.29 | 0.36 | 82 | Rare Earth & Strategic Metals | ADYEY vs REMX | |
| iShares MSCI Japan Small Cap ETF | 0.29 | 0.35 | 0.41 | 58 | Japan Equities | ADYEY vs SCJ | |
| Global X Artificial Intelligence & Technology ETF | 0.42 | 0.51 | 0.58 | 58 | Technology Equities | ADYEY vs AIQ | |
| Vanguard S&P 500 ETF | 0.47 | 0.51 | 0.58 | 60 | S&P 500 | ADYEY vs VOO | |
| State Street SPDR S&P 500 ETF | 0.48 | 0.51 | 0.58 | 60 | S&P 500 | ADYEY vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ADYEY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ADYEY and solid risk/return profiles. The least correlated is Enterprise Products Partners L.P. (EPD) (Energy) with a 1Y correlation of -0.10, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | -0.10 | 0.10 | 0.16 | 81 | Energy | |
| Kinder Morgan, Inc. | -0.09 | 0.12 | 0.18 | 71 | Energy | |
| ONEOK, Inc. | -0.07 | 0.12 | 0.21 | 57 | Energy | |
| Johnson & Johnson | -0.03 | 0.00 | 0.09 | 96 | Healthcare | |
| TechnipFMC plc | -0.02 | 0.09 | 0.14 | 94 | Energy |
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Build a portfolio that complements ADYEY
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