Looking to balance out your exposure to ALSMY? The ETFs below have the lowest correlation with ALSMY — they tend to move on their own, which can help reduce risk when ALSMY drops. The stock ideas table highlights individual companies that behave independently from ALSMY.
Best Diversifiers for ALSMY
1 ETFs have low correlation with ALSMY (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Vectors Rare Earth/Strategic Metals ETF (REMX) (Materials) with a 1Y correlation of 0.29, roughly unchanged from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Vectors Rare Earth/Strategic Metals ETF | 0.29 | 0.32 | 0.33 | 87 | Materials | ALSMY vs REMX | |
| Global X Artificial Intelligence & Technology ETF | 0.36 | 0.32 | 0.37 | 81 | Technology Equities | ALSMY vs AIQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ALSMY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ALSMY and solid risk/return profiles. The least correlated is Kinder Morgan, Inc. (KMI) (Energy) with a 1Y correlation of -0.03, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kinder Morgan, Inc. | -0.03 | 0.12 | 0.20 | 60 | Energy | |
| TechnipFMC plc | 0.05 | 0.10 | 0.19 | 96 | Energy | |
| Rigetti Computing Inc | 0.13 | 0.19 | 0.19 | 68 | Technology | |
| IonQ, Inc. | 0.13 | 0.20 | 0.23 | 64 | Technology | |
| Baker Hughes Company | 0.13 | 0.17 | 0.20 | 89 | Energy |
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