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 SwissCom AG (SCMWY) (Communication Services) with a 1Y correlation of 0.23, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| SwissCom AG | 0.23 | 0.29 | 0.29 | 79 | Communication Services | |
| Telenor ASA ADR | 0.27 | 0.31 | 0.38 | 55 | Communication Services | |
| Mizuho Financial Group, Inc. | 0.33 | 0.29 | 0.37 | 86 | Financial Services | |
| Swiss Life Holding AG ADR | 0.54 | 0.44 | 0.42 | 51 | Financial Services | |
| Assicurazioni Generali SpA ADR | 0.63 | 0.64 | 0.63 | 81 | Financial Services |
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