Looking to balance out your exposure to ALIT? The ETFs below have the lowest correlation with ALIT — they tend to move on their own, which can help reduce risk when ALIT drops. The stock ideas table highlights individual companies that behave independently from ALIT.
Best Diversifiers for ALIT
0 ETFs have low correlation with ALIT (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 0.31, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.31 | 0.41 | 0.48 | 74 | S&P 500 | ALIT vs VOO |
Diversification Analysis
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