Looking to balance out your exposure to ATOM? The ETFs below have the lowest correlation with ATOM — they tend to move on their own, which can help reduce risk when ATOM drops. The stock ideas table highlights individual companies that behave independently from ATOM.
Best Diversifiers for ATOM
0 ETFs have low correlation with ATOM (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Global 100 ETF (IOO) (Global Equities) with a 1Y correlation of 0.40, roughly unchanged from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Global 100 ETF | 0.40 | 0.41 | 0.46 | 70 | Global Equities | ATOM vs IOO | |
| Vanguard Total World Stock ETF | 0.46 | 0.46 | 0.52 | 60 | Global Equities | ATOM vs VT |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ATOM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ATOM and solid risk/return profiles. The least correlated is Aris Water Solutions, Inc. (ARIS) (Utilities) with a 1Y correlation of 0.08, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Aris Water Solutions, Inc. | 0.08 | 0.12 | 0.16 | 90 | Utilities | |
| Edison International | 0.12 | 0.11 | 0.10 | 90 | Utilities | |
| Linde plc | 0.14 | 0.16 | 0.26 | 61 | Basic Materials | |
| Pfizer Inc. | 0.15 | 0.13 | 0.11 | 50 | Healthcare | |
| Mizuho Financial Group, Inc. | 0.19 | 0.17 | 0.19 | 88 | Financial Services |
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