Looking to balance out your exposure to ARKO? The ETFs below have the lowest correlation with ARKO — they tend to move on their own, which can help reduce risk when ARKO drops. The stock ideas table highlights individual companies that behave independently from ARKO.
Best Diversifiers for ARKO
1 ETFs have low correlation with ARKO (below 0.3), 0 of which are negatively correlated. The least correlated is First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) (Alternative Energy Equities) with a 1Y correlation of 0.13, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust NASDAQ Clean Edge Green Energy Index F... | 0.13 | 0.33 | 0.36 | 79 | Alternative Energy Equities | ARKO vs QCLN |
Diversification Analysis
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