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
2 ETFs have low correlation with AHKSY (below 0.3), 0 of which are negatively correlated. The least correlated is ProShares UltraPro S&P 500 (UPRO) (Leveraged Equities) with a 1Y correlation of 0.18, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro S&P 500 | 0.18 | 0.26 | 0.35 | 62 | Leveraged Equities, S&P 500 | AHKSY vs UPRO | |
| iShares MSCI Emerging Markets ETF | 0.22 | 0.27 | 0.35 | 81 | 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 Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of 0.05, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | 0.05 | 0.17 | 0.22 | 60 | Consumer Cyclical | |
| NVIDIA Corporation | 0.05 | 0.13 | 0.23 | 78 | Technology | |
| Walmart Inc. | 0.05 | 0.06 | 0.12 | 63 | Consumer Defensive | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.07 | 0.15 | 0.24 | 95 | Technology | |
| Tesla, Inc. | 0.09 | 0.15 | 0.20 | 55 | Consumer Cyclical |
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