Looking to balance out your exposure to AKRBY? The ETFs below have historically moved differently from AKRBY, 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 AKRBY
1 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 0.00, roughly unchanged from 0.07 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.00 | 0.07 | — | 68 | S&P 500 | AKRBY vs VOO | |
| iShares MSCI Norway ETF | 0.31 | 0.21 | — | 77 | Europe Equities | AKRBY vs ENOR |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AKRBY, 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 Nordea Bank Abp ADR (NRDBY) (Financial Services) with a 1Y correlation of -0.11, down from 0.03 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nordea Bank Abp ADR | -0.11 | 0.03 | — | 90 | Financial Services | |
| MPLX LP | 0.07 | 0.07 | — | 79 | Energy | |
| Enterprise Products Partners L.P. | 0.13 | 0.13 | — | 89 | Energy | |
| Equinor ASA | 0.26 | 0.21 | 0.20 | 86 | Energy |
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