Looking to balance out your exposure to ALEX? The ETFs below have the lowest correlation with ALEX — they tend to move on their own, which can help reduce risk when ALEX drops. The stock ideas table highlights individual companies that behave independently from ALEX.
Best Diversifiers for ALEX
3 ETFs have low correlation with ALEX (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.19, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.19 | 0.35 | 0.48 | 74 | S&P 500 | ALEX vs SPY | |
| Vanguard S&P 500 ETF | 0.19 | 0.35 | 0.48 | 74 | S&P 500 | ALEX vs VOO | |
| Schwab U.S. Large-Cap ETF | 0.19 | 0.36 | 0.48 | 71 | Large Cap Blend Equities | ALEX vs SCHX |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ALEX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ALEX and solid risk/return profiles. The least correlated is NETSTREIT Corp. (NTST) (Real Estate) with a 1Y correlation of 0.30, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NETSTREIT Corp. | 0.30 | 0.44 | 0.49 | 77 | Real Estate | |
| Alexander's, Inc. | 0.31 | 0.44 | 0.48 | 60 | Real Estate | |
| Regency Centers Corporation | 0.41 | 0.54 | 0.62 | 63 | Real Estate |
Build a portfolio that complements ALEX
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