Looking to balance out your exposure to AROC? The ETFs below have historically moved differently from AROC, 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 AROC
2 ETFs have low correlation with AROC (below 0.3), 0 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of 0.11, down from 0.38 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | 0.11 | 0.26 | 0.38 | 55 | Oil & Gas | AROC vs USO | |
| iMGP DBi Managed Futures Strategy ETF | 0.17 | 0.19 | 0.14 | 90 | Systematic Trend | AROC vs DBMF |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AROC, 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 Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of -0.02, roughly unchanged from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | -0.02 | 0.06 | 0.07 | 83 | Healthcare | |
| Halozyme Therapeutics, Inc. | 0.03 | 0.10 | 0.18 | 75 | Healthcare | |
| Dave Inc. | 0.05 | 0.20 | 0.16 | 71 | Technology | |
| Harmony Gold Mining Company Limited | 0.05 | 0.11 | 0.16 | 56 | Basic Materials | |
| The Hanover Insurance Group, Inc. | 0.09 | 0.19 | 0.24 | 89 | Financial Services |
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