Looking to balance out your exposure to AIR? The ETFs below have the lowest correlation with AIR — they tend to move on their own, which can help reduce risk when AIR drops. The stock ideas table highlights individual companies that behave independently from AIR.
Best Diversifiers for AIR
0 ETFs have low correlation with AIR (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.45, roughly unchanged from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.45 | 0.39 | 0.42 | 64 | Nasdaq-100 | AIR vs QQQ | |
| Vanguard S&P 500 ETF | 0.54 | 0.48 | 0.52 | 63 | S&P 500 | AIR vs VOO | |
| State Street SPDR S&P 500 ETF | 0.55 | 0.48 | 0.52 | 63 | S&P 500 | AIR vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AIR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AIR and solid risk/return profiles. The least correlated is Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of 0.26, roughly unchanged from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | 0.26 | 0.27 | 0.32 | 99 | Technology | |
| Red Cat Holdings, Inc. | 0.32 | 0.23 | 0.21 | 56 | Industrials | |
| Uranium Energy Corp. | 0.37 | 0.28 | 0.36 | 66 | Energy | |
| TD SYNNEX Corporation | 0.39 | 0.39 | 0.45 | 96 | Technology | |
| The Boeing Company | 0.40 | 0.35 | 0.45 | 52 | Industrials |
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