Looking to balance out your exposure to AAMI? The ETFs below have historically moved differently from AAMI, 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 AAMI
0 ETFs have low correlation with AAMI (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.51, roughly unchanged from 0.52 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.51 | 0.45 | 0.52 | 78 | S&P 500 | AAMI vs VOO | |
| State Street SPDR S&P 500 ETF | 0.51 | 0.46 | 0.53 | 78 | S&P 500 | AAMI vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AAMI, 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 The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.16, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.16 | -0.01 | 0.09 | 87 | Consumer Defensive | |
| Bausch Health Companies Inc. | 0.16 | 0.19 | 0.27 | 58 | Healthcare | |
| Madrigal Pharmaceuticals, Inc. | 0.21 | 0.18 | 0.22 | 79 | Healthcare | |
| AIA Group Ltd ADR | 0.22 | 0.18 | 0.18 | 59 | Financial Services | |
| CBL & Associates Properties, Inc. | 0.25 | 0.33 | 0.36 | 99 |
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