Looking to balance out your exposure to AN? The ETFs below have the lowest correlation with AN — they tend to move on their own, which can help reduce risk when AN drops. The stock ideas table highlights individual companies that behave independently from AN.
Best Diversifiers for AN
1 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 0.27, roughly unchanged from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.27 | 0.38 | 0.37 | 73 | Nasdaq-100 | AN vs QQQ | |
| Vanguard S&P 500 ETF | 0.35 | 0.47 | 0.45 | 70 | S&P 500 | AN vs VOO | |
| State Street SPDR S&P 500 ETF | 0.35 | 0.47 | 0.46 | 70 | S&P 500 | AN vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AN and solid risk/return profiles. The least correlated is Murphy USA Inc. (MUSA) (Consumer Cyclical) with a 1Y correlation of 0.00, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Murphy USA Inc. | 0.00 | 0.13 | 0.23 | 62 | Consumer Cyclical | |
| Edison International | 0.17 | 0.18 | 0.19 | 77 | Utilities |
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