Looking to balance out your exposure to AXAHY? The ETFs below have the lowest correlation with AXAHY — they tend to move on their own, which can help reduce risk when AXAHY drops. The stock ideas table highlights individual companies that behave independently from AXAHY.
No Diversifiers Found for AXAHY
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AXAHY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AXAHY and solid risk/return profiles. The least correlated is Enbridge Inc. (ENB) (Energy) with a 1Y correlation of 0.09, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enbridge Inc. | 0.09 | 0.27 | 0.35 | 88 | Energy | |
| SwissCom AG | 0.18 | 0.27 | 0.29 | 66 | Communication Services | |
| W. R. Berkley Corporation | 0.20 | 0.25 | 0.34 | 59 | Financial Services | |
| Daikin Industries Ltd ADR | 0.22 | 0.24 | 0.30 | 64 | Industrials | |
| Mizuho Financial Group, Inc. | 0.32 | 0.29 | 0.36 | 93 | Financial Services |
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