Looking to balance out your exposure to AEE? The ETFs below have the lowest correlation with AEE — they tend to move on their own, which can help reduce risk when AEE drops. The stock ideas table highlights individual companies that behave independently from AEE.
Best Diversifiers for AEE
2 ETFs have low correlation with AEE (below 0.3), 2 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 -0.03, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | -0.03 | 0.10 | 0.24 | 63 | S&P 500 | AEE vs SPY | |
| Vanguard S&P 500 ETF | -0.00 | 0.11 | 0.24 | 63 | S&P 500 | AEE vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AEE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AEE and solid risk/return profiles. The least correlated is QUALCOMM Incorporated (QCOM) (Technology) with a 1Y correlation of -0.11, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| QUALCOMM Incorporated | -0.11 | -0.05 | 0.04 | 65 | Technology | |
| Chevron Corporation | -0.02 | 0.11 | 0.15 | 72 | Energy | |
| Monolithic Power Systems, Inc. | -0.02 | -0.03 | 0.03 | 88 | Technology | |
| Steel Dynamics, Inc. | -0.02 | 0.07 | 0.12 | 93 | Basic Materials | |
| Suncor Energy Inc. | -0.00 | 0.06 | 0.10 | 85 | Energy |
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