Looking to balance out your exposure to AN? The ETFs below have historically moved differently from AN, 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 AN
3 ETFs have low correlation with AN (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.19, down from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.19 | 0.34 | 0.35 | 54 | Nasdaq-100 | AN vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.28 | 0.45 | 0.44 | 71 | S&P 500 | AN vs SPY | |
| Vanguard S&P 500 ETF | 0.29 | 0.45 | 0.44 | 72 | S&P 500 | AN vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AN, 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 Murphy USA Inc. (MUSA) (Consumer Cyclical) with a 1Y correlation of -0.08, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Murphy USA Inc. | -0.08 | 0.10 | 0.21 | 85 | Consumer Cyclical | |
| Edison International | 0.19 | 0.19 | 0.19 | 77 | Utilities | |
| Lithia Motors, Inc. | 0.69 | 0.75 | 0.74 | 62 | Consumer Cyclical |
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