Looking to balance out your exposure to ALAB? The ETFs below have historically moved differently from ALAB, 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 ALAB
1 ETFs have low correlation with ALAB (below 0.3), 1 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.03 | — | — | 100 | Ultrashort Bond | ALAB vs SGOV | |
| Industrial Select Sector SPDR Fund | 0.34 | — | — | 53 | Industrials Equities | ALAB vs XLI | |
| iShares Core S&P 500 ETF | 0.48 | — | — | 72 | S&P 500 | ALAB vs IVV | |
| State Street SPDR S&P 500 ETF | 0.48 | — | — | 71 | S&P 500 | ALAB vs SPY | |
| Vanguard S&P 500 ETF | 0.48 | — | — | 72 | S&P 500 | ALAB 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 ALAB, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.20, down from -0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.20 | -0.08 | -0.08 | 66 | Financial Services | |
| Welltower Inc. | -0.18 | — | — | 87 | Real Estate | |
| Walmart Inc. | -0.17 | — | — | 59 | Consumer Defensive | |
| Graham Holdings Company | -0.08 | — | — | 72 | Consumer Defensive | |
| UnitedHealth Group Incorporated | -0.06 | -0.05 | -0.05 | 85 | Healthcare |
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