Looking to balance out your exposure to AHCO? The ETFs below have the lowest correlation with AHCO — they tend to move on their own, which can help reduce risk when AHCO drops. The stock ideas table highlights individual companies that behave independently from AHCO.
Best Diversifiers for AHCO
4 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 -0.02, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.02 | 0.08 | 0.14 | 50 | Energy Equities | AHCO vs XLE | |
| Invesco QQQ ETF | 0.06 | 0.18 | 0.29 | 58 | Nasdaq-100 | AHCO vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.17 | 0.26 | 0.34 | 66 | S&P 500 | AHCO vs SPY | |
| State Street SPDR Portfolio S&P 500 ETF | 0.17 | 0.26 | 0.34 | 66 | S&P 500 | AHCO vs SPYM | |
| Schwab U.S. Dividend Equity ETF | 0.30 | 0.32 | 0.36 | 86 | Dividend | AHCO vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AHCO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AHCO and solid risk/return profiles. The least correlated is CF Industries Holdings, Inc. (CF) (Basic Materials) with a 1Y correlation of -0.08, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CF Industries Holdings, Inc. | -0.08 | 0.01 | 0.06 | 64 | Basic Materials | |
| Valero Energy Corporation | -0.04 | 0.06 | 0.09 | 95 | Energy | |
| Warrior Met Coal, Inc. | -0.03 | 0.06 | 0.11 | 77 | Basic Materials | |
| NVIDIA Corporation | 0.01 | 0.08 | 0.20 | 65 | Technology | |
| Scorpio Tankers Inc. | 0.06 | 0.09 | 0.10 | 89 | Energy |
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