Looking to balance out your exposure to ATRO? The ETFs below have the lowest correlation with ATRO — they tend to move on their own, which can help reduce risk when ATRO drops. The stock ideas table highlights individual companies that behave independently from ATRO.
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 -0.10, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.10 | -0.05 | 0.01 | 100 | Government Bonds, Ultrashort Bond | ATRO vs USFR | |
| iShares 0-1 Year Treasury Bond ETF | -0.08 | -0.03 | 0.01 | 100 | Government Bonds, Ultrashort Bond | ATRO vs SHV | |
| PIMCO Short Term Municipal Bond Active ETF | 0.04 | 0.08 | 0.03 | 92 | Municipal Bonds | ATRO vs SMMU | |
| SPDR Portfolio Short Term Corporate Bond ETF | 0.14 | 0.12 | 0.13 | 92 | Corporate Bonds | ATRO vs SPSB | |
| Direxion Daily GOOGL Bull 2X Shares | 0.20 | 0.21 | — | 95 | Leveraged Equities | ATRO vs GGLL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ATRO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ATRO and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.12, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.12 | -0.00 | 0.10 | 73 | Consumer Defensive | |
| AbbVie Inc. | 0.00 | 0.04 | 0.08 | 68 | Healthcare | |
| AxoGen, Inc. | 0.03 | 0.24 | 0.27 | 98 | Healthcare | |
| The Hershey Company | 0.06 | 0.04 | 0.06 | 58 | Consumer Defensive | |
| AXT, Inc. | 0.09 | 0.22 | 0.27 | 99 | Technology |
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