Looking to balance out your exposure to ALIZY? The ETFs below have historically moved differently from ALIZY, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for ALIZY
2 ETFs have low correlation with ALIZY (below 0.3), 2 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.15, down from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.15 | -0.05 | -0.01 | 100 | Ultrashort Bond | ALIZY vs SGOV | |
| Alerian MLP ETF | -0.06 | 0.10 | 0.24 | 66 | MLPs | ALIZY vs AMLP | |
| Invesco FTSE RAFI Emerging Markets ETF | 0.39 | 0.41 | 0.49 | 75 | Emerging Markets Equities | ALIZY vs PXH | |
| State Street SPDR S&P 500 ETF | 0.45 | 0.39 | 0.47 | 67 | S&P 500 | ALIZY vs SPY | |
| iShares MSCI Poland ETF | 0.48 | 0.50 | 0.59 | 79 | Europe Equities | ALIZY vs EPOL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ALIZY, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Woodside Energy Group Ltd (WDS) (Energy) with a 1Y correlation of -0.06, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Woodside Energy Group Ltd | -0.06 | 0.17 | 0.24 | 80 | Energy | |
| Walmart Inc. | -0.01 | 0.08 | 0.14 | 62 | Consumer Defensive | |
| Verizon Communications Inc. | 0.00 | 0.14 | 0.19 | 66 | Communication Services | |
| VeriSign, Inc. | 0.01 | 0.13 | 0.22 | 53 | Technology | |
| TotalEnergies SE | 0.03 | 0.19 | 0.26 | 91 | Energy |
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Build a portfolio that complements ALIZY
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