Looking to balance out your exposure to ALIZY? The ETFs below have the lowest correlation with ALIZY — they tend to move on their own, which can help reduce risk when ALIZY drops. The stock ideas table highlights individual companies that behave independently from ALIZY.
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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.15 | -0.04 | -0.01 | 100 | Ultrashort Bond | ALIZY vs SGOV | |
| Alerian MLP ETF | -0.06 | 0.10 | 0.25 | 54 | MLPs | ALIZY vs AMLP | |
| Invesco FTSE RAFI Emerging Markets ETF | 0.40 | 0.42 | 0.49 | 58 | Emerging Markets Equities | ALIZY vs PXH | |
| State Street SPDR S&P 500 ETF | 0.45 | 0.39 | 0.47 | 66 | S&P 500 | ALIZY vs SPY | |
| iShares MSCI Poland ETF | 0.50 | 0.51 | 0.59 | 53 | Europe Equities | ALIZY vs EPOL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ALIZY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ALIZY and solid risk/return profiles. The least correlated is Hess Midstream LP (HESM) (Energy) with a 1Y correlation of -0.03, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Hess Midstream LP | -0.03 | 0.08 | 0.18 | 56 | Energy | |
| Woodside Energy Group Ltd | -0.03 | 0.17 | 0.25 | 76 | Energy | |
| Verizon Communications Inc. | 0.00 | 0.14 | 0.19 | 57 | Communication Services | |
| Walmart Inc. | 0.01 | 0.08 | 0.14 | 71 | Consumer Defensive | |
| TotalEnergies SE | 0.04 | 0.20 | 0.27 | 81 | Energy |
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Build a portfolio that complements ALIZY
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