Looking to balance out your exposure to ALG? The ETFs below have the lowest correlation with ALG — they tend to move on their own, which can help reduce risk when ALG drops. The stock ideas table highlights individual companies that behave independently from ALG.
Best Diversifiers for ALG
0 ETFs have low correlation with ALG (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 0.35, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.35 | 0.44 | 0.50 | 70 | S&P 500 | ALG vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ALG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ALG and solid risk/return profiles. The least correlated is United Airlines Holdings, Inc. (UAL) (Industrials) with a 1Y correlation of 0.32, roughly unchanged from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| United Airlines Holdings, Inc. | 0.32 | 0.32 | 0.39 | 60 | Industrials |
Build a portfolio that complements ALG
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