Looking to balance out your exposure to ATEC? The ETFs below have historically moved differently from ATEC, 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 ATEC
2 ETFs have low correlation with ATEC (below 0.3), 0 of which are negatively correlated. The least correlated is Defiance Quantum ETF (QTUM) (Technology Equities) with a 1Y correlation of 0.09, down from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Quantum ETF | 0.09 | 0.23 | 0.35 | 74 | Technology Equities | ATEC vs QTUM | |
| Vanguard Information Technology ETF | 0.11 | 0.24 | 0.36 | 52 | Technology Equities | ATEC vs VGT |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ATEC, 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 PulteGroup, Inc. (PHM) (Consumer Cyclical) with a 1Y correlation of 0.24, roughly unchanged from 0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| PulteGroup, Inc. | 0.24 | 0.26 | 0.33 | 56 | Consumer Cyclical | |
| Medpace Holdings, Inc. | 0.28 | 0.28 | 0.35 | 68 | Healthcare |
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