Looking to balance out your exposure to ALC? The ETFs below have the lowest correlation with ALC — they tend to move on their own, which can help reduce risk when ALC drops. The stock ideas table highlights individual companies that behave independently from ALC.
Best Diversifiers for ALC
0 ETFs have low correlation with ALC (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.37, down from 0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.37 | 0.44 | 0.54 | 70 | S&P 500 | ALC vs VOO | |
| State Street SPDR S&P 500 ETF | 0.38 | 0.44 | 0.54 | 70 | S&P 500 | ALC vs SPY | |
| Schwab U.S. Dividend Equity ETF | 0.40 | 0.46 | 0.49 | 80 | Dividend | ALC vs SCHD | |
| SPDR S&P Pharmaceuticals ETF | 0.44 | 0.45 | 0.49 | 55 | Health & Biotech Equities | ALC vs XPH |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ALC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ALC and solid risk/return profiles. The least correlated is Howmet Aerospace Inc. (HWM) (Industrials) with a 1Y correlation of 0.11, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Howmet Aerospace Inc. | 0.11 | 0.20 | 0.31 | 79 | Industrials | |
| Novartis AG | 0.56 | 0.48 | 0.46 | 75 | Healthcare |
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