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. The least correlated is Invesco PHLX Semiconductor ETF (SOXQ) (Semiconductors) with a 1Y correlation of 0.27, roughly unchanged from 0.24 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco PHLX Semiconductor ETF | 0.27 | 0.24 | — | 96 | Semiconductors, Technology Equities | ATEX vs SOXQ | |
| ProShares UltraPro QQQ | 0.28 | 0.25 | 0.27 | 71 | Leveraged Equities | ATEX vs TQQQ | |
| Invesco QQQ ETF | 0.28 | 0.25 | 0.27 | 74 | 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.13, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.13 | 0.09 | 0.15 | 80 | Technology |
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