Looking to balance out your exposure to AAL? The ETFs below have historically moved differently from AAL, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for AAL
4 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 0.08, roughly unchanged from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.08 | 0.03 | 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 | 0.26 | 0.10 | 0.06 | 99 | Ultrashort Bond | AAL vs JPST | |
| State Street Health Care Select Sector SPDR ETF | 0.26 | 0.26 | 0.28 | 60 | Health & Biotech Equities | AAL vs XLV | |
| VanEck Steel ETF | 0.36 | 0.37 | 0.40 | 88 | Materials | AAL vs SLX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AAL, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.35, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.35 | -0.10 | 0.05 | 84 | Energy | |
| Halliburton Company | -0.10 | 0.04 | 0.17 | 79 | Energy | |
| Walmart Inc. | -0.03 | 0.06 | 0.11 | 59 | Consumer Defensive | |
| Baker Hughes Company | 0.03 | 0.12 | 0.19 | 77 | Energy | |
| SLB N.V. | 0.05 | 0.11 | 0.20 | 82 | Energy |
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