Looking to balance out your exposure to AEIS? The ETFs below have the lowest correlation with AEIS — they tend to move on their own, which can help reduce risk when AEIS drops. The stock ideas table highlights individual companies that behave independently from AEIS.
Best Diversifiers for AEIS
0 ETFs have low correlation with AEIS (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 0.56, down from 0.67 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.56 | 0.64 | 0.67 | 59 | S&P 500 | AEIS vs VOO | |
| Direxion Daily Small Cap Bull 3X Shares | 0.63 | 0.71 | 0.73 | 65 | Leveraged Equities, Small Cap Blend Equities | AEIS vs TNA |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AEIS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AEIS and solid risk/return profiles. The least correlated is Exelon Corporation (EXC) (Utilities) with a 1Y correlation of -0.05, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exelon Corporation | -0.05 | -0.01 | 0.08 | 59 | Utilities | |
| The New York Times Company | 0.01 | 0.24 | 0.31 | 77 | Communication Services | |
| American Electric Power Company, Inc. | 0.05 | 0.02 | 0.08 | 86 | Utilities | |
| Huazhu Group Limited | 0.11 | 0.19 | 0.26 | 70 | Consumer Cyclical | |
| Central Garden & Pet Company | 0.14 | 0.29 | 0.36 | 62 | Consumer Defensive |
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