Looking to balance out your exposure to AIT? The ETFs below have historically moved differently from AIT, 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 AIT
1 ETFs have low correlation with AIT (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of 0.28, down from 0.44 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | 0.28 | 0.41 | 0.44 | 62 | Technology Equities | AIT vs XLK | |
| Pacer US Cash Cows 100 ETF | 0.32 | 0.56 | 0.59 | 87 | Mid Cap Value Equities, Dividend | AIT vs COWZ | |
| Global X NASDAQ 100 Covered Call ETF | 0.33 | 0.43 | 0.43 | 87 | Nasdaq-100, Derivative Income | AIT vs QYLD | |
| WisdomTree International LargeCap Dividend Fund | 0.40 | 0.44 | 0.47 | 80 | Foreign Large Cap Equities, Dividend | AIT vs DOL | |
| Vanguard S&P 500 ETF | 0.41 | 0.56 | 0.57 | 78 | S&P 500 | AIT vs VOO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AIT, 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 Palo Alto Networks, Inc. (PANW) (Technology) with a 1Y correlation of -0.04, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Palo Alto Networks, Inc. | -0.04 | 0.20 | 0.22 | 90 | Technology | |
| Electronic Arts Inc. | -0.04 | 0.21 | 0.24 | 95 | Communication Services | |
| Murphy USA Inc. | -0.03 | 0.14 | 0.23 | 87 | Consumer Cyclical | |
| Fortinet, Inc. | -0.03 | 0.20 | 0.27 | 82 | Technology | |
| The Coca-Cola Company | 0.00 | 0.07 | 0.16 | 87 | Consumer Defensive |
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