Looking to balance out your exposure to ANET? The ETFs below have historically moved differently from ANET, 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 ANET
119 ETFs have low correlation with ANET (below 0.3), 33 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 -0.17, down from -0.03 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X 1-3 Month T-Bill ETF | -0.17 | -0.03 | — | 100 | Ultrashort Bond | ANET vs CLIP | |
| iShares 0-3 Month Treasury Bond ETF | -0.16 | -0.03 | 0.00 | 100 | Ultrashort Bond | ANET vs SGOV | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.16 | 0.00 | 0.16 | 92 | Large Cap Value Equities, Dividend | ANET vs FDL | |
| Invesco S&P 500® High Dividend Low Volatility ETF | -0.15 | -0.03 | 0.13 | 53 | Dividend, S&P 500, Low Volatility | ANET vs SPHD | |
| iShares Core High Dividend ETF | -0.14 | -0.02 | 0.17 | 92 | Dividend, Large Cap Value Equities | ANET vs HDV |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ANET, 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 The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.31, down from -0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.31 | -0.21 | -0.03 | 90 | Consumer Defensive | |
| Colgate-Palmolive Company | -0.30 | -0.20 | -0.06 | 59 | Consumer Defensive | |
| Arch Capital Group Ltd. | -0.28 | -0.05 | 0.08 | 67 | Financial Services | |
| W. R. Berkley Corporation | -0.26 | -0.07 | 0.04 | 56 | Financial Services | |
| Verizon Communications Inc. | -0.24 | -0.17 | -0.06 | 66 | Communication Services |
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