Looking to balance out your exposure to ANDE? The ETFs below have the lowest correlation with ANDE — they tend to move on their own, which can help reduce risk when ANDE drops. The stock ideas table highlights individual companies that behave independently from ANDE.
Best Diversifiers for ANDE
6 ETFs have low correlation with ANDE (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.10, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.10 | 0.18 | 0.23 | 73 | Nasdaq-100 | ANDE vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.15 | 0.28 | 0.34 | 70 | S&P 500 | ANDE vs SPY | |
| VanEck Commodity Strategy ETF | 0.16 | 0.18 | — | 87 | Commodities | ANDE vs PIT | |
| Columbia Emerging Markets Consumer ETF | 0.17 | 0.23 | 0.23 | 88 | Emerging Markets Equities | ANDE vs ECON | |
| First Trust Developed Markets ex-US Small Cap Alph... | 0.23 | 0.30 | 0.29 | 76 | Foreign Small & Mid Cap Equities | ANDE vs FDTS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ANDE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ANDE and solid risk/return profiles. The least correlated is Bezeq Corp Ltd (BZQIY) (Communication Services) with a 1Y correlation of -0.04, roughly unchanged from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Bezeq Corp Ltd | -0.04 | -0.01 | -0.05 | 94 | Communication Services | |
| Eli Lilly and Company | 0.04 | 0.01 | 0.03 | 72 | Healthcare | |
| Xenon Pharmaceuticals Inc. | 0.04 | 0.16 | 0.18 | 86 | Healthcare | |
| Alphabet Inc. Class A | 0.10 | 0.14 | 0.17 | 96 | Communication Services | |
| Agnico Eagle Mines Limited | 0.10 | 0.09 | 0.08 | 66 | Basic Materials |
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Build a portfolio that complements ANDE
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