Looking to balance out your exposure to ANET? The ETFs below have the lowest correlation with ANET — they tend to move on their own, which can help reduce risk when ANET drops. The stock ideas table highlights individual companies that behave independently from ANET.
Best Diversifiers for ANET
98 ETFs have low correlation with ANET (below 0.3), 18 of which are negatively correlated. The least correlated is Global X 1-3 Month T-Bill ETF (CLIP) (Ultrashort Bond) with a 1Y correlation of -0.15, down from -0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X 1-3 Month T-Bill ETF | -0.15 | -0.03 | — | 100 | Ultrashort Bond | ANET vs CLIP | |
| Invesco DB US Dollar Index Bullish Fund | -0.15 | -0.08 | -0.14 | 51 | Currency | ANET vs UUP | |
| iShares 0-3 Month Treasury Bond ETF | -0.14 | -0.03 | 0.01 | 100 | Ultrashort Bond | ANET vs SGOV | |
| Franklin U.S. Low Volatility High Dividend Index E... | -0.12 | -0.03 | 0.14 | 53 | Dividend | ANET vs LVHD | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.12 | 0.02 | 0.17 | 76 | Large Cap Value Equities, Dividend | ANET vs FDL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ANET, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ANET and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.28, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.28 | -0.19 | -0.01 | 83 | Consumer Defensive | |
| W. R. Berkley Corporation | -0.28 | -0.09 | 0.05 | 59 | Financial Services | |
| Colgate-Palmolive Company | -0.27 | -0.17 | -0.05 | 53 | Consumer Defensive | |
| Arch Capital Group Ltd. | -0.27 | -0.05 | 0.07 | 68 | Financial Services | |
| Verizon Communications Inc. | -0.25 | -0.16 | -0.05 | 57 | Communication Services |
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