Looking to balance out your exposure to AAL? The ETFs below have the lowest correlation with AAL — they tend to move on their own, which can help reduce risk when AAL drops. The stock ideas table highlights individual companies that behave independently from AAL.
Best Diversifiers for AAL
3 ETFs have low correlation with AAL (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of 0.09, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.09 | 0.02 | 0.01 | 100 | Government Bonds, Ultrashort Bond | AAL vs BIL | |
| iShares 0-1 Year Treasury Bond ETF | 0.09 | 0.06 | 0.00 | 100 | Government Bonds, Ultrashort Bond | AAL vs SHV | |
| JPMorgan Ultra-Short Income ETF | 0.24 | 0.10 | 0.05 | 99 | Ultrashort Bond | AAL vs JPST | |
| Global X NASDAQ 100 Covered Call ETF | 0.36 | 0.37 | 0.43 | 84 | Nasdaq-100, Derivative Income | AAL vs QYLD | |
| VanEck Vectors Steel ETF | 0.40 | 0.38 | 0.41 | 75 | Materials | AAL vs SLX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AAL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AAL and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.28, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.28 | -0.07 | 0.08 | 72 | Energy | |
| Halliburton Company | -0.05 | 0.08 | 0.20 | 88 | Energy | |
| Walmart Inc. | -0.02 | 0.06 | 0.11 | 69 | Consumer Defensive | |
| Baker Hughes Company | 0.05 | 0.14 | 0.21 | 84 | Energy | |
| Cisco Systems, Inc. | 0.10 | 0.24 | 0.31 | 93 | Technology |
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