Looking to balance out your exposure to AHCO? The ETFs below have historically moved differently from AHCO, 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 AHCO
3 ETFs have low correlation with AHCO (below 0.3), 1 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.08, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.08 | 0.07 | 0.13 | 76 | Energy Equities | AHCO vs XLE | |
| State Street SPDR Portfolio S&P 500 ETF | 0.16 | 0.25 | 0.34 | 68 | S&P 500 | AHCO vs SPYM | |
| State Street SPDR S&P 500 ETF | 0.16 | 0.26 | 0.34 | 67 | S&P 500 | AHCO vs SPY | |
| Schwab U.S. Dividend Equity ETF | 0.31 | 0.33 | 0.37 | 95 | Dividend | AHCO vs SCHD |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AHCO, 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 CF Industries Holdings, Inc. (CF) (Basic Materials) with a 1Y correlation of -0.10, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CF Industries Holdings, Inc. | -0.10 | -0.00 | 0.06 | 72 | Basic Materials | |
| Valero Energy Corporation | -0.06 | 0.07 | 0.09 | 98 | Energy | |
| Warrior Met Coal, Inc. | -0.05 | 0.06 | 0.10 | 76 | Basic Materials | |
| NVIDIA Corporation | 0.01 | 0.08 | 0.20 | 56 | Technology | |
| Scorpio Tankers Inc. | 0.05 | 0.09 | 0.09 | 90 | Energy |
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