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Looking to balance out your exposure to ARCC? The ETFs below have historically moved differently from ARCC, 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 ARCC

122 ETFs have low correlation with ARCC (below 0.3), 11 of which are negatively correlated. The least correlated is KFA Mount Lucas Index Strategy ETF (KMLM) (Systematic Trend) with a 1Y correlation of -0.15, roughly unchanged from -0.11 over 5 years.

How candidates are selected

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Low-Correlation Stock Ideas

The table shows companies with at least $1B in market capitalization, historical correlation data for ARCC, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.09, down from 0.15 over 5 years.

How candidates are selected

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
Altria Group, Inc.-0.090.060.15
66
Consumer Defensive
Occidental Petroleum Corporation-0.070.130.26
68
Energy
Duke Energy Corporation-0.060.110.16
52
Utilities
Johnson & Johnson-0.060.080.12
96
Healthcare
AbbVie Inc.-0.050.150.16
76
Healthcare
See all 283 low-correlation stocks for ARCC

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Diversification Analysis

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