Looking to balance out your exposure to AJG? The ETFs below have the lowest correlation with AJG — they tend to move on their own, which can help reduce risk when AJG drops. The stock ideas table highlights individual companies that behave independently from AJG.
Best Diversifiers for AJG
33 ETFs have low correlation with AJG (below 0.3), 17 of which are negatively correlated. The least correlated is Direxion Daily Semiconductor Bull 3X ETF (SOXL) (Leveraged Equities) with a 1Y correlation of -0.28, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily Semiconductor Bull 3X ETF | -0.28 | -0.05 | 0.16 | 97 | Leveraged Equities, Semiconductors | AJG vs SOXL | |
| iShares Semiconductor ETF | -0.28 | -0.06 | 0.16 | 97 | Semiconductors, Technology Equities | AJG vs SOXX | |
| ProShares Ultra Semiconductors | -0.25 | -0.06 | 0.13 | 90 | Leveraged Equities, Semiconductors | AJG vs USD | |
| T-Rex 2X Long Alphabet Daily Target ETF | -0.16 | -0.08 | -0.08 | 93 | Leveraged Bonds | AJG vs GOOX | |
| iShares Global Tech ETF | -0.14 | 0.03 | 0.26 | 88 | Technology Equities | AJG vs IXN |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AJG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AJG and solid risk/return profiles. The least correlated is Flex Ltd. (FLEX) (Technology) with a 1Y correlation of -0.24, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Flex Ltd. | -0.24 | -0.06 | 0.16 | 98 | Technology | |
| Advanced Micro Devices, Inc. | -0.23 | -0.03 | 0.12 | 98 | Technology | |
| Celestica Inc. | -0.20 | -0.05 | 0.11 | 94 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.20 | -0.07 | 0.10 | 95 | Technology | |
| NVIDIA Corporation | -0.19 | -0.06 | 0.14 | 78 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements AJG
Add AJG to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with AJG