Looking to balance out your exposure to AESI? The ETFs below have historically moved differently from AESI, 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 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 0.14, roughly unchanged from 0.23 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.14 | 0.23 | — | 71 | S&P 500 | AESI vs SPY | |
| VanEck Semiconductor ETF | 0.24 | 0.22 | — | 87 | Semiconductors, Technology Equities | AESI vs SMH | |
| State Street Energy Select Sector SPDR ETF | 0.45 | 0.54 | — | 61 | Energy Equities | AESI vs XLE |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AESI, 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 Arch Capital Group Ltd. (ACGL) (Financial Services) with a 1Y correlation of -0.09, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Arch Capital Group Ltd. | -0.09 | 0.04 | 0.06 | 59 | Financial Services | |
| Agree Realty Corporation | -0.04 | 0.04 | 0.04 | 55 | Real Estate | |
| AGNC Investment Corp. | 0.00 | 0.17 | 0.17 | 76 | Real Estate | |
| Aura Minerals Inc. Common Shares | 0.02 | 0.01 | 0.01 | 89 | Basic Materials | |
| First Majestic Silver Corp. | 0.07 | 0.14 | 0.13 | 79 | Basic Materials |
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