Looking to balance out your exposure to AR? The ETFs below have historically moved differently from AR, 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 AR
4 ETFs have low correlation with AR (below 0.3), 2 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 -0.06, down from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | -0.06 | 0.16 | 0.28 | 71 | S&P 500 | AR vs SPY | |
| iShares MSCI Brazil ETF | -0.02 | 0.17 | 0.22 | 51 | Latin America Equities | AR vs EWZ | |
| Janus Henderson AAA CLO ETF | 0.01 | 0.04 | 0.03 | 99 | CLO | AR vs JAAA | |
| Schwab U.S. Dividend Equity ETF | 0.16 | 0.23 | 0.36 | 94 | Dividend | AR vs SCHD |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AR, 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 ASML Holding N.V. (ASML) (Technology) with a 1Y correlation of -0.17, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ASML Holding N.V. | -0.17 | 0.08 | 0.16 | 96 | Technology | |
| Lam Research Corporation | -0.11 | 0.09 | 0.18 | 96 | Technology | |
| FedEx Corporation | -0.08 | 0.04 | 0.15 | 96 | Industrials | |
| Frontline Ltd. | -0.05 | 0.20 | 0.27 | 92 | Industrials | |
| DHT Holdings, Inc. | -0.05 | 0.20 | 0.25 | 88 | Industrials |
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