Looking to balance out your exposure to ATLX? The ETFs below have the lowest correlation with ATLX — they tend to move on their own, which can help reduce risk when ATLX drops. The stock ideas table highlights individual companies that behave independently from ATLX.
Best Diversifiers for ATLX
0 ETFs have low correlation with ATLX (below 0.3), 0 of which are negatively correlated. The least correlated is Ishares Lithium Miners And Producers ETF (ILIT) (Lithium & Battery Metals) with a 1Y correlation of 0.55, up from 0.41 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Ishares Lithium Miners And Producers ETF | 0.55 | 0.41 | — | 83 | Lithium & Battery Metals | ATLX vs ILIT |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ATLX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ATLX and solid risk/return profiles. The least correlated is Ardelyx, Inc. (ARDX) (Healthcare) with a 1Y correlation of 0.05, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ardelyx, Inc. | 0.05 | 0.11 | 0.07 | 76 | Healthcare | |
| Ascendis Pharma A/S | 0.12 | 0.11 | 0.07 | 81 | Healthcare | |
| Franklin Resources, Inc. | 0.13 | 0.16 | 0.12 | 83 | Financial Services | |
| Fortinet, Inc. | 0.14 | 0.13 | 0.09 | 70 | Technology | |
| Aegon N.V. | 0.16 | 0.16 | 0.13 | 74 | Financial Services |
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