Looking to balance out your exposure to ATEX? The ETFs below have historically moved differently from ATEX, 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 ATEX
3 ETFs have low correlation with ATEX (below 0.3), 0 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| HSBC Holdings plc ADRhedged ETF | 0.08 | — | — | 92 | Financials Equities | ATEX vs HSBH | |
| Direxion Daily MU Bull 2X Shares | 0.19 | — | — | 98 | Leveraged Equities, Semiconductors | ATEX vs MUU | |
| Invesco PHLX Semiconductor ETF | 0.30 | 0.26 | 0.26 | 88 | Semiconductors, Technology Equities | ATEX vs SOXQ | |
| Invesco QQQ ETF | 0.31 | 0.28 | 0.29 | 54 | Nasdaq-100 | ATEX vs QQQ |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ATEX, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.14, roughly unchanged from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.14 | 0.11 | 0.16 | 63 | Technology | |
| Nanobiotix S.A. | 0.16 | 0.13 | 0.10 | 97 | Healthcare | |
| Seagate Technology plc | 0.17 | 0.18 | 0.20 | 99 | Technology | |
| Micron Technology, Inc. | 0.19 | 0.18 | 0.18 | 99 | Technology | |
| Lumentum Holdings Inc. | 0.19 | 0.22 | 0.24 | 99 | Technology |
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