Looking to balance out your exposure to ARRY? The ETFs below have the lowest correlation with ARRY — they tend to move on their own, which can help reduce risk when ARRY drops. The stock ideas table highlights individual companies that behave independently from ARRY.
Best Diversifiers for ARRY
1 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 0.10, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | 0.10 | 0.21 | 0.19 | 63 | Energy Equities | ARRY vs XLE | |
| Vanguard International High Dividend Yield ETF | 0.30 | 0.34 | 0.35 | 66 | Dividend, Foreign Large Cap Equities | ARRY vs VYMI | |
| Vanguard FTSE Emerging Markets ETF | 0.32 | 0.33 | 0.35 | 56 | Emerging Markets Equities | ARRY vs VWO | |
| State Street SPDR S&P 500 ETF | 0.35 | 0.30 | 0.37 | 70 | S&P 500 | ARRY vs SPY | |
| Vanguard S&P 500 ETF | 0.35 | 0.30 | 0.37 | 70 | S&P 500 | ARRY vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ARRY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ARRY and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.13, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.13 | 0.01 | 0.03 | 53 | Utilities | |
| Plains All American Pipeline, L.P. | -0.01 | 0.15 | 0.20 | 87 | Energy | |
| Enterprise Products Partners L.P. | 0.04 | 0.18 | 0.20 | 85 | Energy | |
| Sirius XM Holdings Inc. | 0.07 | 0.19 | 0.25 | 70 | Communication Services | |
| BP p.l.c. | 0.08 | 0.21 | 0.19 | 87 | Energy |
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