Looking to balance out your exposure to ALOY? The ETFs below have the lowest correlation with ALOY — they tend to move on their own, which can help reduce risk when ALOY drops. The stock ideas table highlights individual companies that behave independently from ALOY.
No Diversifiers Found for ALOY
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ALOY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ALOY and solid risk/return profiles. The least correlated is Lynas Rare Earths Ltd ADR (LYSDY) (Basic Materials) with a 1Y correlation of 0.22, roughly unchanged from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lynas Rare Earths Ltd ADR | 0.22 | 0.22 | 0.22 | 72 | Basic Materials |
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