Looking to balance out your exposure to ALAB? The ETFs below have the lowest correlation with ALAB — they tend to move on their own, which can help reduce risk when ALAB drops. The stock ideas table highlights individual companies that behave independently from ALAB.
Best Diversifiers for ALAB
1 ETFs have low correlation with ALAB (below 0.3), 1 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.02 | — | — | 100 | Ultrashort Bond | ALAB vs SGOV | |
| iShares Core S&P 500 ETF | 0.39 | — | — | 70 | S&P 500 | ALAB vs IVV | |
| Vanguard S&P 500 ETF | 0.40 | — | — | 70 | S&P 500 | ALAB vs VOO | |
| Invesco QQQ ETF | 0.47 | — | — | 73 | Nasdaq-100 | ALAB vs QQQ | |
| Invesco NASDAQ 100 ETF | 0.47 | — | — | 74 | Nasdaq-100 | ALAB vs QQQM |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ALAB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ALAB and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Welltower Inc. | -0.12 | — | — | 79 | Real Estate | |
| Walmart Inc. | -0.10 | — | — | 63 | Consumer Defensive | |
| United Therapeutics Corporation | -0.03 | — | — | 86 | Healthcare | |
| UnitedHealth Group Incorporated | -0.01 | — | — | 61 | Healthcare | |
| Okeanis Eco Tankers Corp | -0.00 | — | — | 95 | Industrials |
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