Looking to balance out your exposure to AHKSY? The ETFs below have historically moved differently from AHKSY, 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 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 0.19, down from 0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro S&P 500 | 0.19 | 0.25 | 0.34 | 59 | Leveraged Equities, S&P 500 | AHKSY vs UPRO | |
| iShares MSCI Emerging Markets ETF | 0.26 | 0.26 | 0.34 | 60 | Emerging Markets Equities | AHKSY vs EEM |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AHKSY, 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 Dow Inc. (DOW) (Basic Materials) with a 1Y correlation of -0.00, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Dow Inc. | -0.00 | 0.09 | 0.18 | 73 | Basic Materials | |
| Walmart Inc. | 0.03 | 0.05 | 0.11 | 58 | Consumer Defensive | |
| Amazon.com, Inc | 0.07 | 0.15 | 0.22 | 70 | Consumer Cyclical | |
| The Coca-Cola Company | 0.09 | 0.10 | 0.15 | 86 | Consumer Defensive | |
| Apple Inc | 0.09 | 0.15 | 0.22 | 90 | Technology |
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