Looking to balance out your exposure to ARCB? The ETFs below have historically moved differently from ARCB, 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 ARCB
3 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 0.23, down from 0.43 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.23 | 0.32 | 0.43 | 58 | Nasdaq-100 | ARCB vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.28 | 0.41 | 0.49 | 78 | S&P 500 | ARCB vs SPY | |
| iShares Core S&P 500 ETF | 0.29 | 0.41 | 0.49 | 78 | S&P 500 | ARCB vs IVV | |
| Vanguard Total International Stock ETF | 0.32 | 0.38 | 0.43 | 72 | Global Equities | ARCB vs VXUS | |
| Schwab U.S. Dividend Equity ETF | 0.43 | 0.51 | 0.52 | 95 | Dividend | ARCB vs SCHD |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ARCB, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.02, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.02 | 0.15 | 0.31 | 61 | Technology | |
| Eli Lilly and Company | 0.05 | 0.08 | 0.09 | 79 | Healthcare | |
| NextEra Energy, Inc. | 0.05 | 0.08 | 0.15 | 77 | Utilities | |
| Alphabet Inc. Class A | 0.07 | 0.16 | 0.28 | 96 | Communication Services | |
| Apple Inc | 0.08 | 0.21 | 0.33 | 90 | Technology |
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