Looking to balance out your exposure to ATO? The ETFs below have historically moved differently from ATO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for ATO
29 ETFs have low correlation with ATO (below 0.3), 17 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 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | -0.28 | -0.09 | 0.06 | 60 | Technology Equities | ATO vs VGT | |
| State Street Technology Select Sector SPDR ETF | -0.28 | -0.09 | 0.07 | 62 | Technology Equities | ATO vs XLK | |
| Invesco QQQ ETF | -0.25 | -0.06 | 0.09 | 58 | Nasdaq-100 | ATO vs QQQ | |
| Invesco NASDAQ 100 ETF | -0.24 | -0.05 | 0.09 | 59 | Nasdaq-100 | ATO vs QQQM | |
| JPMorgan Nasdaq Equity Premium Income ETF | -0.21 | -0.04 | — | 66 | Nasdaq-100, Derivative Income | ATO vs JEPQ |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ATO, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Innodata Inc. (INOD) (Technology) with a 1Y correlation of -0.25, down from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Innodata Inc. | -0.25 | -0.02 | 0.02 | 63 | Technology | |
| Broadcom Inc. | -0.22 | -0.10 | 0.02 | 68 | Technology | |
| ASML Holding N.V. | -0.21 | -0.08 | 0.03 | 96 | Technology | |
| Amazon.com, Inc | -0.17 | -0.09 | 0.04 | 72 | Consumer Cyclical | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.16 | -0.13 | -0.03 | 88 | Technology |
To view more results, upgrade your current subscription plan.
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