Looking to balance out your exposure to ARRY? The ETFs below have historically moved differently from ARRY, 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 ARRY
2 ETFs have low correlation with ARRY (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of 0.01, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | 0.01 | 0.17 | 0.18 | 76 | Energy Equities | ARRY vs XLE | |
| iShares MSCI Brazil ETF | 0.24 | 0.26 | 0.25 | 68 | Latin America Equities | ARRY vs EWZ | |
| Vanguard International High Dividend Yield ETF | 0.38 | 0.35 | 0.36 | 91 | Dividend, Foreign Large Cap Equities | ARRY vs VYMI | |
| Vanguard FTSE Emerging Markets ETF | 0.46 | 0.36 | 0.37 | 51 | Emerging Markets Equities | ARRY vs VWO | |
| State Street SPDR S&P 500 ETF | 0.47 | 0.33 | 0.39 | 67 | S&P 500 | ARRY vs SPY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ARRY, 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 Consolidated Edison, Inc. (ED) (Utilities) with a 1Y correlation of -0.24, down from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Consolidated Edison, Inc. | -0.24 | -0.04 | 0.01 | 59 | Utilities | |
| Duke Energy Corporation | -0.20 | -0.01 | 0.03 | 56 | Utilities | |
| Plains All American Pipeline, L.P. | -0.11 | 0.11 | 0.18 | 93 | Energy | |
| Enterprise Products Partners L.P. | -0.07 | 0.14 | 0.18 | 89 | Energy | |
| Sirius XM Holdings Inc. | 0.03 | 0.18 | 0.24 | 82 | Communication Services |
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