Looking to balance out your exposure to ALRS? The ETFs below have the lowest correlation with ALRS — they tend to move on their own, which can help reduce risk when ALRS drops. The stock ideas table highlights individual companies that behave independently from ALRS.
Best Diversifiers for ALRS
0 ETFs have low correlation with ALRS (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 0.36, roughly unchanged from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.36 | 0.39 | 0.43 | 70 | S&P 500 | ALRS vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ALRS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ALRS and solid risk/return profiles. The least correlated is Bancolombia S.A. (CIB) (Financial Services) with a 1Y correlation of 0.07, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Bancolombia S.A. | 0.07 | 0.17 | 0.20 | 85 | Financial Services | |
| Bank OZK | 0.60 | 0.64 | 0.59 | 51 | Financial Services |
Build a portfolio that complements ALRS
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