Looking to balance out your exposure to AESI? The ETFs below have the lowest correlation with AESI — they tend to move on their own, which can help reduce risk when AESI drops. The stock ideas table highlights individual companies that behave independently from AESI.
Best Diversifiers for AESI
2 ETFs have low correlation with AESI (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.15, roughly unchanged from 0.23 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.15 | 0.23 | — | 60 | S&P 500 | AESI vs SPY | |
| VanEck Semiconductor ETF | 0.19 | 0.19 | — | 94 | Semiconductors, Technology Equities | AESI vs SMH |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AESI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AESI and solid risk/return profiles. The least correlated is Agree Realty Corporation (ADC) (Real Estate) with a 1Y correlation of -0.02, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Agree Realty Corporation | -0.02 | 0.05 | 0.04 | 51 | Real Estate | |
| First Majestic Silver Corp. | 0.06 | 0.13 | — | 76 | Basic Materials | |
| First Solar, Inc. | 0.07 | 0.17 | — | 74 | Technology | |
| AGNC Investment Corp. | 0.10 | 0.20 | 0.19 | 77 | Real Estate | |
| Canadian Pacific Kansas City Limited | 0.11 | 0.20 | 0.21 | 52 | Industrials |
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