Looking to balance out your exposure to ANIK? The ETFs below have the lowest correlation with ANIK — they tend to move on their own, which can help reduce risk when ANIK drops. The stock ideas table highlights individual companies that behave independently from ANIK.
Best Diversifiers for ANIK
0 ETFs have low correlation with ANIK (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 0.38, roughly unchanged from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.38 | 0.32 | 0.38 | 70 | S&P 500 | ANIK vs SPY |
Diversification Analysis
Build a portfolio that complements ANIK
Add ANIK to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ANIK