Looking to balance out your exposure to ARHS? The ETFs below have the lowest correlation with ARHS — they tend to move on their own, which can help reduce risk when ARHS drops. The stock ideas table highlights individual companies that behave independently from ARHS.
Best Diversifiers for ARHS
0 ETFs have low correlation with ARHS (below 0.3), 0 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 0.40, roughly unchanged from 0.41 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.40 | 0.41 | — | 63 | S&P 500 | ARHS vs SPY | |
| Vanguard S&P 500 ETF | 0.41 | 0.41 | — | 63 | S&P 500 | ARHS vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ARHS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ARHS and solid risk/return profiles. The least correlated is Construction Partners, Inc. (ROAD) (Industrials) with a 1Y correlation of 0.27, roughly unchanged from 0.30 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Construction Partners, Inc. | 0.27 | 0.30 | — | 56 | Industrials | |
| Somnigroup International Inc. | 0.57 | 0.48 | — | 54 | Consumer Cyclical |
Build a portfolio that complements ARHS
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