Looking to balance out your exposure to AEO? The ETFs below have the lowest correlation with AEO — they tend to move on their own, which can help reduce risk when AEO drops. The stock ideas table highlights individual companies that behave independently from AEO.
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 0.37, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.37 | 0.40 | 0.47 | 74 | S&P 500 | AEO vs VOO | |
| State Street SPDR S&P 500 ETF | 0.37 | 0.40 | 0.47 | 74 | S&P 500 | AEO vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AEO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AEO and solid risk/return profiles. The least correlated is EMCOR Group, Inc. (EME) (Industrials) with a 1Y correlation of 0.19, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| EMCOR Group, Inc. | 0.19 | 0.26 | 0.33 | 84 | Industrials | |
| JPMorgan Chase & Co. | 0.27 | 0.29 | 0.35 | 66 | Financial Services | |
| Westinghouse Air Brake Technologies Corporation | 0.31 | 0.34 | 0.40 | 74 | Industrials | |
| Arcos Dorados Holdings Inc. | 0.32 | 0.29 | 0.29 | 57 | Consumer Cyclical |
Build a portfolio that complements AEO
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