Looking to balance out your exposure to AES? The ETFs below have the lowest correlation with AES — they tend to move on their own, which can help reduce risk when AES drops. The stock ideas table highlights individual companies that behave independently from AES.
Best Diversifiers for AES
17 ETFs have low correlation with AES (below 0.3), 1 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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Treasury ETF | -0.00 | 0.08 | 0.06 | 88 | Government Bonds, Short-Term Bond | AES vs VGSH | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.10 | -0.03 | 0.00 | 100 | Government Bonds, Ultrashort Bond | AES vs BIL | |
| Vanguard Short-Term Corporate Bond ETF | 0.11 | 0.21 | 0.21 | 78 | Corporate Bonds | AES vs VCSH | |
| iShares Flexible Income Active ETF | 0.13 | 0.28 | — | 73 | Multisector Bonds | AES vs BINC | |
| Janus Henderson AAA CLO ETF | 0.15 | 0.08 | 0.09 | 99 | CLO | AES vs JAAA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AES, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AES and solid risk/return profiles. The least correlated is RenaissanceRe Holdings Ltd. (RNR) (Financial Services) with a 1Y correlation of -0.12, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| RenaissanceRe Holdings Ltd. | -0.12 | 0.02 | 0.14 | 83 | Financial Services | |
| Coca-Cola Consolidated, Inc. | -0.02 | 0.08 | 0.19 | 83 | Consumer Defensive | |
| Consolidated Edison, Inc. | 0.01 | 0.21 | 0.28 | 68 | Utilities | |
| Walmart Inc. | 0.01 | 0.06 | 0.16 | 70 | Consumer Defensive | |
| Chevron Corporation | 0.02 | 0.19 | 0.27 | 67 | Energy |
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Build a portfolio that complements AES
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