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
21 ETFs have low correlation with ATO (below 0.3), 8 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of -0.21, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | -0.21 | -0.06 | 0.08 | 58 | Technology Equities | ATO vs VGT | |
| State Street Technology Select Sector SPDR ETF | -0.21 | -0.06 | 0.09 | 66 | Technology Equities | ATO vs XLK | |
| Invesco QQQ ETF | -0.15 | -0.02 | 0.11 | 59 | Nasdaq-100 | ATO vs QQQ | |
| VanEck Semiconductor ETF | -0.14 | -0.07 | 0.02 | 94 | Semiconductors, Technology Equities | ATO vs SMH | |
| JPMorgan Nasdaq Equity Premium Income ETF | -0.12 | -0.01 | — | 63 | Nasdaq-100, Derivative Income | ATO vs JEPQ |
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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 -0.18, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Innodata Inc. | -0.18 | 0.00 | 0.04 | 70 | Technology | |
| Broadcom Inc. | -0.13 | -0.07 | 0.03 | 72 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.11 | -0.09 | -0.02 | 93 | Technology | |
| QUALCOMM Incorporated | -0.08 | 0.00 | 0.08 | 65 | Technology | |
| Halliburton Company | -0.06 | 0.07 | 0.14 | 88 | Energy |
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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.
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