Looking to balance out your exposure to AIZ? The ETFs below have the lowest correlation with AIZ — they tend to move on their own, which can help reduce risk when AIZ drops. The stock ideas table highlights individual companies that behave independently from AIZ.
Best Diversifiers for AIZ
3 ETFs have low correlation with AIZ (below 0.3), 1 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of -0.03, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | -0.03 | 0.03 | 0.16 | 96 | Semiconductors, Technology Equities | AIZ vs SMH | |
| Vanguard S&P 500 ETF | 0.24 | 0.24 | 0.39 | 70 | S&P 500 | AIZ vs VOO | |
| State Street SPDR S&P 500 ETF | 0.25 | 0.24 | 0.39 | 70 | S&P 500 | AIZ vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AIZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AIZ and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.09, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.09 | -0.03 | 0.10 | 78 | Technology | |
| ASML Holding N.V. | -0.05 | 0.02 | 0.15 | 94 | Technology | |
| Advanced Micro Devices, Inc. | -0.05 | 0.02 | 0.11 | 98 | Technology | |
| Baidu, Inc. | 0.00 | 0.08 | 0.11 | 72 | Communication Services | |
| Applied Materials, Inc. | 0.01 | 0.06 | 0.17 | 96 | Technology |
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