Looking to balance out your exposure to ANGO? The ETFs below have the lowest correlation with ANGO — they tend to move on their own, which can help reduce risk when ANGO drops. The stock ideas table highlights individual companies that behave independently from ANGO.
Best Diversifiers for ANGO
1 ETFs have low correlation with ANGO (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco S&P 500 Momentum ETF (SPMO) (Momentum) with a 1Y correlation of 0.29, roughly unchanged from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500 Momentum ETF | 0.29 | 0.26 | 0.33 | 75 | Momentum, S&P 500 | ANGO vs SPMO | |
| SPDR Portfolio High Yield Bond ETF | 0.40 | 0.31 | 0.34 | 64 | High Yield Bonds | ANGO vs SPHY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ANGO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ANGO and solid risk/return profiles. The least correlated is UnitedHealth Group Incorporated (UNH) (Healthcare) with a 1Y correlation of 0.15, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| UnitedHealth Group Incorporated | 0.15 | 0.13 | 0.19 | 66 | Healthcare | |
| Snowflake Inc. | 0.18 | 0.20 | 0.24 | 51 | Technology | |
| Advanced Micro Devices, Inc. | 0.19 | 0.19 | 0.25 | 97 | Technology | |
| Eli Lilly and Company | 0.20 | 0.13 | 0.16 | 75 | Healthcare |
Build a portfolio that complements ANGO
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