Looking to balance out your exposure to ANDE? The ETFs below have historically moved differently from ANDE, 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 ANDE
6 ETFs have low correlation with ANDE (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.10, down from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.10 | 0.27 | 0.32 | 71 | S&P 500 | ANDE vs SPY | |
| Invesco QQQ ETF | 0.10 | 0.18 | 0.23 | 54 | Nasdaq-100 | ANDE vs QQQ | |
| Columbia Emerging Markets Consumer ETF | 0.15 | 0.22 | 0.22 | 63 | Emerging Markets Equities | ANDE vs ECON | |
| First Trust Developed Markets ex-US Small Cap Alph... | 0.19 | 0.29 | 0.28 | 63 | Foreign Small & Mid Cap Equities | ANDE vs FDTS | |
| VanEck Commodity Strategy ETF | 0.20 | 0.20 | — | 81 | Commodities | ANDE vs PIT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ANDE, 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 Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of -0.05, roughly unchanged from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | -0.05 | 0.00 | 0.02 | 81 | Healthcare | |
| Bezeq Corp Ltd | -0.02 | -0.03 | -0.05 | 72 | Communication Services | |
| Alphabet Inc. Class A | 0.00 | 0.10 | 0.14 | 94 | Communication Services | |
| Xenon Pharmaceuticals Inc. | 0.01 | 0.15 | 0.17 | 91 | Healthcare | |
| GE Vernova Inc. | 0.03 | 0.06 | 0.06 | 77 | Industrials |
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