Looking to balance out your exposure to ATEC? The ETFs below have the lowest correlation with ATEC — they tend to move on their own, which can help reduce risk when ATEC drops. The stock ideas table highlights individual companies that behave independently from ATEC.
Best Diversifiers for ATEC
3 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 0.19, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Quantum ETF | 0.19 | 0.27 | 0.37 | 91 | Technology Equities | ATEC vs QTUM | |
| Vanguard Information Technology ETF | 0.20 | 0.28 | 0.38 | 76 | Technology Equities | ATEC vs VGT | |
| Invesco S&P MidCap Momentum ETF | 0.26 | 0.34 | 0.40 | 67 | Momentum, Mid Cap Growth Equities | ATEC vs XMMO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ATEC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ATEC and solid risk/return profiles. The least correlated is PulteGroup, Inc. (PHM) (Consumer Cyclical) with a 1Y correlation of 0.19, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| PulteGroup, Inc. | 0.19 | 0.25 | 0.32 | 57 | Consumer Cyclical | |
| Medpace Holdings, Inc. | 0.30 | 0.28 | 0.35 | 68 | Healthcare |
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