Looking to balance out your exposure to AEM? The ETFs below have the lowest correlation with AEM — they tend to move on their own, which can help reduce risk when AEM drops. The stock ideas table highlights individual companies that behave independently from AEM.
Best Diversifiers for AEM
109 ETFs have low correlation with AEM (below 0.3), 4 of which are negatively correlated. The least correlated is F/m US Treasury 3 Month Bill ETF (TBIL) (Ultrashort Bond) with a 1Y correlation of -0.05, roughly unchanged from 0.00 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| F/m US Treasury 3 Month Bill ETF | -0.05 | 0.00 | — | 100 | Ultrashort Bond | AEM vs TBIL | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.02 | -0.01 | 0.03 | 100 | Government Bonds, Ultrashort Bond | AEM vs BIL | |
| PIMCO Enhanced Short Maturity Active ETF | -0.02 | -0.02 | 0.09 | 100 | Ultrashort Bond | AEM vs MINT | |
| iShares 0-3 Month Treasury Bond ETF | -0.02 | -0.03 | 0.02 | 100 | Ultrashort Bond | AEM vs SGOV | |
| First Trust Morningstar Dividend Leaders Index Fun... | 0.04 | 0.15 | 0.23 | 72 | Large Cap Value Equities, Dividend | AEM vs FDL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AEM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AEM and solid risk/return profiles. The least correlated is Equinor ASA (EQNR) (Energy) with a 1Y correlation of -0.14, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinor ASA | -0.14 | 0.08 | 0.16 | 68 | Energy | |
| Permian Resources Corporation | -0.14 | 0.07 | 0.11 | 74 | Energy | |
| Vista Oil & Gas, S.A.B. de C.V. | -0.14 | 0.10 | 0.17 | 61 | Energy | |
| ConocoPhillips Company | -0.13 | 0.01 | 0.12 | 65 | Energy | |
| Exxon Mobil Corporation | -0.12 | 0.02 | 0.13 | 74 | Energy |
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