Looking to diversify beyond ALTL? The ETFs below have historically moved differently from ALTL, 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 ALTL
537 ETFs have low correlation with ALTL (below 0.3), 75 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.29, roughly unchanged from -0.23 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.29 | -0.23 | — | 61 | Cryptocurrency | ALTL vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.29 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | ALTL vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.28 | — | — | 52 | Inverse Equities | ALTL vs SMST | |
| Alpha Architect Tail Risk ETF | -0.26 | -0.06 | — | 56 | Options Trading | ALTL vs CAOS | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.26 | — | — | 61 | Inverse Equities, Leveraged Equities | ALTL vs MSTZ |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ALTL, 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 Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.10, down from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.10 | 0.16 | 0.25 | 62 | Consumer Defensive | |
| Devon Energy Corporation | -0.02 | 0.15 | 0.23 | 76 | Energy | |
| Energy Transfer LP | 0.00 | 0.22 | 0.30 | 81 | Energy | |
| Visa Inc. | 0.05 | 0.33 | 0.44 | 53 | Financial Services | |
| Bristol-Myers Squibb Company | 0.07 | 0.23 | 0.24 | 92 | Healthcare |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements ALTL
Add ALTL to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ALTL