Looking to balance out your exposure to ANAB? The ETFs below have the lowest correlation with ANAB — they tend to move on their own, which can help reduce risk when ANAB drops. The stock ideas table highlights individual companies that behave independently from ANAB.
Best Diversifiers for ANAB
1 ETFs have low correlation with ANAB (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 0.24, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.24 | 0.23 | 0.28 | 70 | S&P 500 | ANAB vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ANAB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ANAB and solid risk/return profiles. The least correlated is CF Industries Holdings, Inc. (CF) (Basic Materials) with a 1Y correlation of -0.12, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CF Industries Holdings, Inc. | -0.12 | -0.01 | 0.05 | 60 | Basic Materials | |
| Vista Oil & Gas, S.A.B. de C.V. | -0.03 | 0.04 | 0.07 | 68 | Energy | |
| The New York Times Company | -0.03 | 0.13 | 0.21 | 78 | Communication Services | |
| Rush Street Interactive, Inc. | 0.01 | 0.18 | 0.27 | 85 | Consumer Cyclical | |
| Coterra Energy Inc. | 0.03 | 0.06 | 0.07 | 79 | Energy |
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