Looking to balance out your exposure to ATO? The ETFs below have the lowest correlation with ATO — they tend to move on their own, which can help reduce risk when ATO drops. The stock ideas table highlights individual companies that behave independently from ATO.
Best Diversifiers for ATO
25 ETFs have low correlation with ATO (below 0.3), 15 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of -0.28, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | -0.28 | -0.08 | 0.07 | 57 | Technology Equities | ATO vs VGT | |
| State Street Technology Select Sector SPDR ETF | -0.27 | -0.08 | 0.07 | 63 | Technology Equities | ATO vs XLK | |
| Invesco QQQ ETF | -0.23 | -0.05 | 0.09 | 58 | Nasdaq-100 | ATO vs QQQ | |
| Invesco NASDAQ 100 ETF | -0.20 | -0.04 | 0.10 | 59 | Nasdaq-100 | ATO vs QQQM | |
| VanEck Semiconductor ETF | -0.19 | -0.10 | 0.01 | 92 | Semiconductors, Technology Equities | ATO vs SMH |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ATO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ATO and solid risk/return profiles. The least correlated is Innodata Inc. (INOD) (Technology) with a 1Y correlation of -0.22, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Innodata Inc. | -0.22 | -0.01 | 0.03 | 63 | Technology | |
| Broadcom Inc. | -0.22 | -0.12 | 0.02 | 71 | Technology | |
| ASML Holding N.V. | -0.20 | -0.06 | 0.04 | 94 | Technology | |
| Amazon.com, Inc | -0.17 | -0.08 | 0.04 | 54 | Consumer Cyclical | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.14 | -0.11 | -0.02 | 92 | Technology |
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Build a portfolio that complements ATO
Add ATO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ATO