Looking to balance out your exposure to AKO-A? The ETFs below have the lowest correlation with AKO-A — they tend to move on their own, which can help reduce risk when AKO-A drops. The stock ideas table highlights individual companies that behave independently from AKO-A.
Best Diversifiers for AKO-A
2 ETFs have low correlation with AKO-A (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.06, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.06 | 0.11 | 0.09 | 65 | S&P 500 | AKO-A vs SPY | |
| JPMorgan Flexible Income ETF | 0.07 | — | — | 71 | Global Allocation | AKO-A vs JFLI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AKO-A, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AKO-A and solid risk/return profiles. The least correlated is CF Industries Holdings, Inc. (CF) (Basic Materials) with a 1Y correlation of -0.05, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CF Industries Holdings, Inc. | -0.05 | 0.03 | -0.00 | 67 | Basic Materials | |
| Halliburton Company | -0.05 | 0.01 | 0.02 | 88 | Energy | |
| CVS Health Corporation | -0.04 | -0.04 | 0.00 | 92 | Healthcare | |
| The Hershey Company | -0.04 | -0.01 | 0.01 | 53 | Consumer Defensive | |
| Nutrien Ltd. | -0.03 | 0.07 | 0.06 | 61 | Basic Materials |
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