Looking to diversify beyond AALG? The ETFs below have the lowest correlation with AALG — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from AALG.
Best Diversifiers for AALG
2 ETFs have low correlation with AALG (below 0.3), 0 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of 0.21, roughly unchanged from 0.21 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | 0.21 | 0.21 | — | 99 | Leveraged Equities | AALG vs MUU | |
| Leverage Shares 2X Long TSM Daily ETF | 0.29 | 0.29 | 0.29 | 89 | Leveraged Equities | AALG vs TSMG | |
| Innovator Growth Accelerated Plus ETF - July | 0.42 | 0.42 | — | 68 | Leveraged Equities | AALG vs QTJL | |
| Innovator Growth Accelerated Plus ETF - April | 0.44 | 0.44 | 0.44 | 98 | Leveraged Equities | AALG vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 0.46 | 0.46 | — | 71 | Leveraged Equities | AALG vs XTJL |
Diversification Analysis
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