Looking to balance out your exposure to AUBN? The ETFs below have the lowest correlation with AUBN — they tend to move on their own, which can help reduce risk when AUBN drops. The stock ideas table highlights individual companies that behave independently from AUBN.
Best Diversifiers for AUBN
1 ETFs have low correlation with AUBN (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.11, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.11 | 0.03 | 0.04 | 74 | S&P 500 | AUBN vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AUBN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AUBN and solid risk/return profiles. The least correlated is Douglas Dynamics, Inc. (PLOW) (Consumer Cyclical) with a 1Y correlation of 0.02, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Douglas Dynamics, Inc. | 0.02 | 0.05 | 0.05 | 88 | Consumer Cyclical |
Build a portfolio that complements AUBN
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