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
29 ETFs have low correlation with AJG (below 0.3), 16 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.32, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.32 | -0.09 | 0.13 | 82 | Leveraged Equities, Semiconductors | AJG vs USD | |
| iShares Semiconductor ETF | -0.32 | -0.08 | 0.14 | 95 | Semiconductors, Technology Equities | AJG vs SOXX | |
| Direxion Daily Semiconductor Bull 3X ETF | -0.32 | -0.08 | 0.15 | 96 | Leveraged Equities, Semiconductors | AJG vs SOXL | |
| Direxion Daily Technology Bull 3X Shares | -0.20 | 0.01 | 0.25 | 65 | Leveraged Equities, Technology Equities | AJG vs TECL | |
| State Street Technology Select Sector SPDR ETF | -0.18 | 0.02 | 0.26 | 66 | Technology Equities | AJG vs XLK |
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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 Advanced Micro Devices, Inc. (AMD) (Technology) with a 1Y correlation of -0.27, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Advanced Micro Devices, Inc. | -0.27 | -0.06 | 0.10 | 97 | Technology | |
| Celestica Inc. | -0.24 | -0.06 | 0.09 | 88 | Technology | |
| Flex Ltd. | -0.23 | -0.05 | 0.14 | 97 | Technology | |
| NVIDIA Corporation | -0.23 | -0.07 | 0.13 | 72 | Technology | |
| Lam Research Corporation | -0.22 | -0.06 | 0.14 | 98 | Technology |
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Build a portfolio that complements AJG
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