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
1 ETFs have low correlation with AEIS (below 0.3), 1 of which are negatively correlated. The least correlated is MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) (Leveraged Equities) with a 1Y correlation of -0.05, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MicroSectors U.S. Big Oil Index 3X Leveraged ETN | -0.05 | 0.09 | 0.09 | 58 | Leveraged Equities | AEIS vs NRGU | |
| Defiance Daily Target 2X Long AVGO ETF | 0.40 | — | — | 50 | Leveraged Equities | AEIS vs AVGX | |
| Vanguard S&P 500 ETF | 0.56 | 0.64 | 0.67 | 70 | S&P 500 | AEIS vs VOO | |
| Direxion Daily Small Cap Bull 3X Shares | 0.63 | 0.71 | 0.73 | 59 | Leveraged 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 American Electric Power Company, Inc. (AEP) (Utilities) with a 1Y correlation of 0.03, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| American Electric Power Company, Inc. | 0.03 | 0.02 | 0.08 | 79 | Utilities | |
| The New York Times Company | 0.06 | 0.28 | 0.33 | 78 | Communication Services | |
| Huazhu Group Limited | 0.12 | 0.20 | 0.27 | 70 | Consumer Cyclical | |
| Golar LNG Limited | 0.15 | 0.25 | 0.30 | 65 | Energy | |
| The Chefs' Warehouse, Inc. | 0.19 | 0.29 | 0.36 | 62 | Consumer Defensive |
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