Looking to balance out your exposure to ARDX? The ETFs below have the lowest correlation with ARDX — they tend to move on their own, which can help reduce risk when ARDX drops. The stock ideas table highlights individual companies that behave independently from ARDX.
Best Diversifiers for ARDX
1 ETFs have low correlation with ARDX (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI Japan Small Cap ETF (SCJ) (Japan Equities) with a 1Y correlation of 0.28, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Japan Small Cap ETF | 0.28 | 0.24 | 0.21 | 53 | Japan Equities | ARDX vs SCJ | |
| Vanguard S&P 500 ETF | 0.37 | 0.31 | 0.30 | 70 | S&P 500 | ARDX vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ARDX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ARDX and solid risk/return profiles. The least correlated is Nutrien Ltd. (NTR) (Basic Materials) with a 1Y correlation of 0.02, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nutrien Ltd. | 0.02 | 0.13 | 0.14 | 58 | Basic Materials | |
| Precision Drilling Corporation | 0.03 | 0.13 | 0.13 | 92 | Energy | |
| Enterprise Products Partners L.P. | 0.05 | 0.13 | 0.12 | 85 | Energy | |
| Johnson & Johnson | 0.06 | 0.08 | 0.08 | 92 | Healthcare | |
| Golar LNG Limited | 0.07 | 0.22 | 0.19 | 65 | Energy |
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