Looking to balance out your exposure to ATEX? The ETFs below have the lowest correlation with ATEX — they tend to move on their own, which can help reduce risk when ATEX drops. The stock ideas table highlights individual companies that behave independently from ATEX.
Best Diversifiers for ATEX
3 ETFs have low correlation with ATEX (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | 0.15 | — | — | 98 | Leveraged Equities, Semiconductors | ATEX vs MUU | |
| Invesco PHLX Semiconductor ETF | 0.26 | 0.24 | 0.25 | 89 | Semiconductors, Technology Equities | ATEX vs SOXQ | |
| Invesco QQQ ETF | 0.26 | 0.25 | 0.27 | 53 | Nasdaq-100 | ATEX vs QQQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ATEX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ATEX and solid risk/return profiles. The least correlated is Nanobiotix S.A. (NBTX) (Healthcare) with a 1Y correlation of 0.13, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nanobiotix S.A. | 0.13 | 0.13 | 0.10 | 98 | Healthcare | |
| NVIDIA Corporation | 0.13 | 0.10 | 0.15 | 63 | Technology | |
| Micron Technology, Inc. | 0.15 | 0.16 | 0.17 | 99 | Technology | |
| Semtech Corporation | 0.20 | 0.22 | 0.24 | 93 | Technology |
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