Looking to balance out your exposure to AIT? The ETFs below have the lowest correlation with AIT — they tend to move on their own, which can help reduce risk when AIT drops. The stock ideas table highlights individual companies that behave independently from AIT.
Best Diversifiers for AIT
2 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 0.25, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | 0.25 | 0.41 | 0.44 | 66 | Technology Equities | AIT vs XLK | |
| Global X NASDAQ 100 Covered Call ETF | 0.29 | 0.42 | 0.43 | 84 | Nasdaq-100, Derivative Income | AIT vs QYLD | |
| WisdomTree International LargeCap Dividend Fund | 0.40 | 0.43 | 0.47 | 58 | Foreign Large Cap Equities, Dividend | AIT vs DOL | |
| Vanguard S&P 500 ETF | 0.42 | 0.56 | 0.57 | 59 | S&P 500 | AIT vs VOO | |
| State Street SPDR S&P 500 ETF | 0.42 | 0.56 | 0.57 | 59 | S&P 500 | AIT vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AIT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AIT and solid risk/return profiles. The least correlated is Palo Alto Networks, Inc. (PANW) (Technology) with a 1Y correlation of -0.03, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Palo Alto Networks, Inc. | -0.03 | 0.21 | 0.22 | 69 | Technology | |
| Singapore Technologies Engineering Ltd ADR | -0.02 | -0.07 | 0.01 | 71 | Industrials | |
| Fortinet, Inc. | 0.00 | 0.22 | 0.27 | 68 | Technology | |
| Murphy USA Inc. | 0.03 | 0.16 | 0.25 | 66 | Consumer Cyclical | |
| Walmart Inc. | 0.04 | 0.15 | 0.20 | 69 | Consumer Defensive |
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