Looking to balance out your exposure to AES? The ETFs below have historically moved differently from AES, 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 AES
15 ETFs have low correlation with AES (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Short-Term Treasury ETF (VGSH) (Government Bonds) with a 1Y correlation of 0.00, roughly unchanged from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Treasury ETF | 0.00 | 0.06 | 0.06 | 91 | Government Bonds, Short-Term Bond | AES vs VGSH | |
| iShares U.S. Oil & Gas Exploration & Production ET... | 0.06 | 0.21 | 0.30 | 67 | Energy Equities | AES vs IEO | |
| State Street Energy Select Sector SPDR ETF | 0.06 | 0.22 | 0.29 | 76 | Energy Equities | AES vs XLE | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.09 | -0.02 | 0.00 | 100 | Government Bonds, Ultrashort Bond | AES vs BIL | |
| Vanguard Short-Term Corporate Bond ETF | 0.11 | 0.19 | 0.21 | 81 | Corporate Bonds | AES vs VCSH |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AES, 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 RenaissanceRe Holdings Ltd. (RNR) (Financial Services) with a 1Y correlation of -0.13, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| RenaissanceRe Holdings Ltd. | -0.13 | 0.01 | 0.13 | 81 | Financial Services | |
| Philip Morris International Inc. | -0.06 | 0.11 | 0.20 | 66 | Consumer Defensive | |
| Coca-Cola Consolidated, Inc. | -0.04 | 0.09 | 0.19 | 87 | Consumer Defensive | |
| Gaming and Leisure Properties, Inc. | -0.02 | 0.23 | 0.36 | 52 | Real Estate | |
| Walmart Inc. | -0.00 | 0.06 | 0.16 | 62 | Consumer Defensive |
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