Looking to balance out your exposure to ALE? The ETFs below have the lowest correlation with ALE — they tend to move on their own, which can help reduce risk when ALE drops. The stock ideas table highlights individual companies that behave independently from ALE.
No Diversifiers Found for ALE
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ALE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ALE and solid risk/return profiles. The least correlated is GigaCloud Technology Inc (GCT) (Technology) with a 1Y correlation of 0.04, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| GigaCloud Technology Inc | 0.04 | 0.13 | 0.14 | 76 | Technology | |
| Apple Inc | 0.05 | 0.09 | 0.15 | 90 | Technology | |
| Sunoco LP | 0.07 | 0.15 | 0.16 | 80 | Energy | |
| JPMorgan Chase & Co. | 0.10 | 0.18 | 0.24 | 66 | Financial Services | |
| General Motors Company | 0.12 | 0.18 | 0.22 | 90 | Consumer Cyclical |
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