Looking to balance out your exposure to ANIP? The ETFs below have the lowest correlation with ANIP — they tend to move on their own, which can help reduce risk when ANIP drops. The stock ideas table highlights individual companies that behave independently from ANIP.
Best Diversifiers for ANIP
1 ETFs have low correlation with ANIP (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.23, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.23 | 0.29 | 0.35 | 70 | S&P 500 | ANIP vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ANIP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ANIP and solid risk/return profiles. The least correlated is Argan, Inc. (AGX) (Industrials) with a 1Y correlation of 0.04, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Argan, Inc. | 0.04 | 0.16 | 0.19 | 93 | Industrials | |
| Credo Technology Group Holding Ltd | 0.05 | 0.15 | — | 85 | Technology | |
| CVS Health Corporation | 0.05 | 0.13 | 0.18 | 80 | Healthcare | |
| Interactive Brokers Group, Inc. | 0.12 | 0.12 | 0.21 | 83 | Financial Services | |
| Apple Inc | 0.14 | 0.13 | 0.21 | 89 | Technology |
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