Looking to balance out your exposure to AKRO? The ETFs below have the lowest correlation with AKRO — they tend to move on their own, which can help reduce risk when AKRO drops. The stock ideas table highlights individual companies that behave independently from AKRO.
Best Diversifiers for AKRO
2 ETFs have low correlation with AKRO (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.14, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.14 | 0.26 | 0.30 | 62 | Nasdaq-100 | AKRO vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.17 | 0.30 | 0.30 | 66 | S&P 500 | AKRO vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AKRO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AKRO and solid risk/return profiles. The least correlated is Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of 0.01, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | 0.01 | 0.16 | 0.21 | 71 | Technology | |
| Celestica Inc. | 0.04 | 0.16 | 0.19 | 92 | Technology | |
| Lemonade, Inc. | 0.07 | 0.25 | 0.32 | 61 | Financial Services | |
| Rocket Lab USA, Inc. | 0.09 | 0.25 | 0.27 | 93 | Industrials | |
| Clover Health Investments, Corp. | 0.10 | 0.18 | 0.27 | 54 | Healthcare |
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