Looking to balance out your exposure to ARCB? The ETFs below have the lowest correlation with ARCB — they tend to move on their own, which can help reduce risk when ARCB drops. The stock ideas table highlights individual companies that behave independently from ARCB.
Best Diversifiers for ARCB
1 ETFs have low correlation with ARCB (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.26, down from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.26 | 0.32 | 0.43 | 73 | Nasdaq-100 | ARCB vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.36 | 0.42 | 0.51 | 70 | S&P 500 | ARCB vs SPY | |
| iShares Core S&P 500 ETF | 0.37 | 0.42 | 0.50 | 70 | S&P 500 | ARCB vs IVV | |
| Vanguard Total International Stock ETF | 0.38 | 0.39 | 0.45 | 60 | Global Equities | ARCB vs VXUS | |
| Vanguard High Dividend Yield ETF | 0.51 | 0.53 | 0.53 | 77 | Dividend | ARCB vs VYM |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ARCB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ARCB and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.02, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.02 | 0.14 | 0.31 | 78 | Technology | |
| Eli Lilly and Company | 0.04 | 0.05 | 0.07 | 72 | Healthcare | |
| Alphabet Inc. Class A | 0.11 | 0.16 | 0.29 | 96 | Communication Services | |
| International Seaways, Inc. | 0.13 | 0.17 | 0.16 | 95 | Energy | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.18 | 0.23 | 0.31 | 95 | Technology |
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