Looking to balance out your exposure to AIP? The ETFs below have the lowest correlation with AIP — they tend to move on their own, which can help reduce risk when AIP drops. The stock ideas table highlights individual companies that behave independently from AIP.
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 0.58, roughly unchanged from 0.53 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.58 | 0.53 | — | 70 | S&P 500 | AIP vs SPY | |
| iShares Semiconductor ETF | 0.70 | 0.59 | — | 97 | Semiconductors, Technology Equities | AIP vs SOXX |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AIP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AIP and solid risk/return profiles. The least correlated is AXT, Inc. (AXTI) (Technology) with a 1Y correlation of 0.32, roughly unchanged from 0.34 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AXT, Inc. | 0.32 | 0.34 | — | 99 | Technology | |
| Northwest Pipe Company | 0.37 | 0.32 | — | 98 | Industrials | |
| NVIDIA Corporation | 0.38 | 0.37 | — | 78 | Technology | |
| Applied Optoelectronics, Inc. | 0.44 | 0.41 | — | 98 | Technology | |
| Silicon Motion Technology Corporation | 0.51 | 0.44 | — | 99 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements AIP
Add AIP to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with AIP