Looking to balance out your exposure to AAMI? The ETFs below have the lowest correlation with AAMI — they tend to move on their own, which can help reduce risk when AAMI drops. The stock ideas table highlights individual companies that behave independently from AAMI.
Best Diversifiers for AAMI
0 ETFs have low correlation with AAMI (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.51, roughly unchanged from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.51 | 0.45 | 0.52 | 66 | S&P 500 | AAMI vs SPY | |
| Vanguard S&P 500 ETF | 0.51 | 0.45 | 0.52 | 67 | S&P 500 | AAMI vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AAMI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AAMI and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.15, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.15 | 0.00 | 0.10 | 82 | Consumer Defensive | |
| MSCI Inc. | 0.19 | 0.25 | 0.37 | 55 | Financial Services | |
| Accelleron Industries AG ADR | 0.19 | 0.22 | — | 74 | Industrials | |
| AIA Group Ltd ADR | 0.20 | 0.16 | 0.18 | 58 | Financial Services | |
| Madrigal Pharmaceuticals, Inc. | 0.25 | 0.18 | 0.23 | 83 | Healthcare |
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