Looking to balance out your exposure to ANGO? The ETFs below have historically moved differently from ANGO, 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 ANGO
0 ETFs have low correlation with ANGO (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR Portfolio High Yield Bond ETF (SPHY) (High Yield Bonds) with a 1Y correlation of 0.38, roughly unchanged from 0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Portfolio High Yield Bond ETF | 0.38 | 0.30 | 0.34 | 70 | High Yield Bonds | ANGO vs SPHY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ANGO, 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 Snowflake Inc. (SNOW) (Technology) with a 1Y correlation of 0.14, roughly unchanged from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Snowflake Inc. | 0.14 | 0.20 | 0.23 | 62 | Technology | |
| Advanced Micro Devices, Inc. | 0.17 | 0.19 | 0.24 | 94 | Technology | |
| Eli Lilly and Company | 0.19 | 0.14 | 0.16 | 83 | Healthcare | |
| UnitedHealth Group Incorporated | 0.20 | 0.14 | 0.20 | 86 | Healthcare |
Build a portfolio that complements ANGO
Add ANGO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ANGO