Looking to balance out your exposure to AHKSY? The ETFs below have the lowest correlation with AHKSY — they tend to move on their own, which can help reduce risk when AHKSY drops. The stock ideas table highlights individual companies that behave independently from AHKSY.
Best Diversifiers for AHKSY
1 ETFs have low correlation with AHKSY (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI Emerging Markets ETF (EEM) (Emerging Markets Diversified) with a 1Y correlation of 0.22, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Emerging Markets ETF | 0.22 | 0.26 | 0.34 | 67 | Emerging Markets Diversified | AHKSY vs EEM |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AHKSY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AHKSY and solid risk/return profiles. The least correlated is Dow Inc. (DOW) (Basic Materials) with a 1Y correlation of 0.00, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Dow Inc. | 0.00 | 0.10 | 0.19 | 51 | Basic Materials | |
| Walmart Inc. | 0.05 | 0.06 | 0.12 | 70 | Consumer Defensive | |
| NVIDIA Corporation | 0.07 | 0.12 | 0.23 | 70 | Technology | |
| Amazon.com, Inc | 0.08 | 0.16 | 0.22 | 52 | Consumer Cyclical | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.09 | 0.15 | 0.24 | 93 | Technology |
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