Looking to balance out your exposure to ATRO? The ETFs below have historically moved differently from ATRO, 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 ATRO
7 ETFs have low correlation with ATRO (below 0.3), 2 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.15, down from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.15 | -0.07 | 0.01 | 100 | Government Bonds, Ultrashort Bond | ATRO vs USFR | |
| iShares 0-1 Year Treasury Bond ETF | -0.08 | -0.02 | 0.00 | 100 | Government Bonds, Ultrashort Bond | ATRO vs SHV | |
| PIMCO Short Term Municipal Bond Active ETF | 0.08 | 0.09 | 0.04 | 92 | Municipal Bonds | ATRO vs SMMU | |
| SPDR Portfolio Short Term Corporate Bond ETF | 0.12 | 0.11 | 0.12 | 95 | Corporate Bonds | ATRO vs SPSB | |
| Direxion Daily GOOGL Bull 2X Shares | 0.19 | 0.21 | — | 91 | Leveraged Equities | ATRO vs GGLL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ATRO, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.15, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.15 | -0.04 | 0.07 | 66 | Consumer Defensive | |
| AbbVie Inc. | 0.01 | 0.06 | 0.08 | 81 | Healthcare | |
| AxoGen, Inc. | 0.06 | 0.23 | 0.26 | 98 | Healthcare | |
| AXT, Inc. | 0.10 | 0.22 | 0.27 | 99 | Technology | |
| Merck & Co., Inc. | 0.12 | 0.11 | 0.11 | 96 | Healthcare |
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