Looking to balance out your exposure to AKRBY? The ETFs below have the lowest correlation with AKRBY — they tend to move on their own, which can help reduce risk when AKRBY drops. The stock ideas table highlights individual companies that behave independently from AKRBY.
Best Diversifiers for AKRBY
2 ETFs have low correlation with AKRBY (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.03, roughly unchanged from 0.08 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.03 | 0.08 | — | 66 | S&P 500 | AKRBY vs VOO | |
| iShares MSCI Norway ETF | 0.24 | 0.19 | — | 62 | Europe Equities | AKRBY vs ENOR |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AKRBY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AKRBY and solid risk/return profiles. The least correlated is Nordea Bank Abp ADR (NRDBY) (Financial Services) with a 1Y correlation of -0.13, down from 0.04 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nordea Bank Abp ADR | -0.13 | 0.04 | — | 79 | Financial Services | |
| Enterprise Products Partners L.P. | 0.05 | 0.12 | — | 87 | Energy | |
| Equinor ASA | 0.20 | 0.19 | 0.18 | 81 | Energy |
Build a portfolio that complements AKRBY
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