Looking to balance out your exposure to AIP? The ETFs below have historically moved differently from AIP, 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 AIP
0 ETFs have low correlation with AIP (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 0.63, roughly unchanged from 0.55 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 | 0.63 | 0.55 | — | 67 | S&P 500 | AIP vs SPY | |
| iShares Semiconductor ETF | 0.77 | 0.62 | — | 90 | Semiconductors, Technology Equities | AIP vs SOXX |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AIP, 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 Nanobiotix S.A. (NBTX) (Healthcare) with a 1Y correlation of 0.27, roughly unchanged from 0.19 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nanobiotix S.A. | 0.27 | 0.19 | — | 97 | Healthcare | |
| Northwest Pipe Company | 0.40 | 0.35 | 0.28 | 99 | Industrials | |
| NVIDIA Corporation | 0.41 | 0.39 | — | 56 | Technology | |
| AXT, Inc. | 0.41 | 0.38 | — | 99 | Technology | |
| ATI Inc. | 0.43 | 0.43 | 0.31 | 98 | Industrials |
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