Looking to balance out your exposure to ALHC? The ETFs below have the lowest correlation with ALHC — they tend to move on their own, which can help reduce risk when ALHC drops. The stock ideas table highlights individual companies that behave independently from ALHC.
Best Diversifiers for ALHC
2 ETFs have low correlation with ALHC (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 0.20, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.20 | 0.12 | 0.25 | 70 | S&P 500 | ALHC vs SPY | |
| Vanguard S&P 500 ETF | 0.21 | 0.12 | 0.25 | 70 | S&P 500 | ALHC vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ALHC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ALHC and solid risk/return profiles. The least correlated is Amphenol Corporation (APH) (Technology) with a 1Y correlation of 0.14, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amphenol Corporation | 0.14 | 0.06 | 0.19 | 77 | Technology | |
| DXP Enterprises, Inc. | 0.14 | 0.12 | 0.12 | 80 | Industrials | |
| Brookdale Senior Living Inc. | 0.18 | 0.19 | 0.23 | 86 | Healthcare | |
| Bank of America Corporation | 0.19 | 0.12 | 0.17 | 64 | Financial Services | |
| Archrock, Inc. | 0.19 | 0.12 | 0.15 | 73 | Energy |
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