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
2 ETFs have low correlation with ARKO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Robotics and Artificial Intelligence Multisector ETF (IRBO) (Robotics) with a 1Y correlation of 0.05, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Robotics and Artificial Intelligence Multi... | 0.05 | 0.25 | 0.33 | 89 | Robotics, Technology Equities | ARKO vs IRBO | |
| First Trust NASDAQ Clean Edge Green Energy Index F... | 0.17 | 0.35 | 0.37 | 89 | Alternative Energy Equities | ARKO vs QCLN |
Diversification Analysis
Build a portfolio that complements ARKO
Add ARKO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ARKO