Looking to balance out your exposure to AER? The ETFs below have the lowest correlation with AER — they tend to move on their own, which can help reduce risk when AER drops. The stock ideas table highlights individual companies that behave independently from AER.
Best Diversifiers for AER
1 ETFs have low correlation with AER (below 0.3), 0 of which are negatively correlated. The least correlated is Direxion Daily GOOGL Bull 2X Shares (GGLL) (Leveraged Equities) with a 1Y correlation of 0.28, roughly unchanged from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily GOOGL Bull 2X Shares | 0.28 | 0.24 | 0.25 | 94 | Leveraged Equities | AER vs GGLL | |
| Invesco QQQ ETF | 0.36 | 0.41 | 0.46 | 73 | Nasdaq-100 | AER vs QQQ | |
| Vanguard S&P 500 ETF | 0.41 | 0.48 | 0.54 | 70 | S&P 500 | AER vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AER, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AER and solid risk/return profiles. The least correlated is Apache Corporation (APA) (Energy) with a 1Y correlation of -0.14, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apache Corporation | -0.14 | 0.07 | 0.27 | 90 | Energy | |
| Ovintiv Inc. | -0.14 | 0.11 | 0.30 | 81 | Energy | |
| Diamondback Energy, Inc. | -0.14 | 0.08 | 0.28 | 82 | Energy | |
| Altria Group, Inc. | -0.12 | 0.03 | 0.15 | 69 | Consumer Defensive | |
| Cenovus Energy Inc. | -0.09 | 0.11 | 0.30 | 95 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements AER
Add AER to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with AER