Looking to balance out your exposure to AEO? The ETFs below have historically moved differently from AEO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for AEO
0 ETFs have low correlation with AEO (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 0.36, down from 0.47 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.36 | 0.41 | 0.47 | 72 | S&P 500 | AEO vs VOO | |
| State Street SPDR S&P 500 ETF | 0.36 | 0.41 | 0.47 | 71 | S&P 500 | AEO vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AEO, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is EMCOR Group, Inc. (EME) (Industrials) with a 1Y correlation of 0.20, down from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| EMCOR Group, Inc. | 0.20 | 0.25 | 0.32 | 66 | Industrials | |
| JPMorgan Chase & Co. | 0.23 | 0.26 | 0.34 | 73 | Financial Services | |
| Westinghouse Air Brake Technologies Corporation | 0.30 | 0.33 | 0.39 | 93 | Industrials | |
| Arcos Dorados Holdings Inc. | 0.37 | 0.30 | 0.30 | 71 | Consumer Cyclical |
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