Looking to diversify beyond ALTL? The ETFs below have the lowest correlation with ALTL — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from ALTL.
Best Diversifiers for ALTL
466 ETFs have low correlation with ALTL (below 0.3), 50 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.26, roughly unchanged from -0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.26 | -0.22 | -0.26 | 57 | Cryptocurrency | ALTL vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.26 | -0.24 | -0.24 | 52 | Cryptocurrency, Leveraged Cryptocurrency | ALTL vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.23 | — | — | 60 | Inverse Equities | ALTL vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.22 | — | — | 68 | Inverse Equities, Leveraged Equities | ALTL vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.19 | — | — | 70 | Derivative Income | ALTL vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ALTL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ALTL and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.08, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.08 | 0.18 | 0.27 | 71 | Consumer Defensive | |
| Devon Energy Corporation | 0.00 | 0.16 | 0.23 | 72 | Energy | |
| Energy Transfer LP | 0.04 | 0.24 | 0.31 | 84 | Energy | |
| Bristol-Myers Squibb Company | 0.13 | 0.24 | 0.25 | 80 | Healthcare | |
| Snowflake Inc. | 0.17 | 0.27 | 0.34 | 60 | Technology |
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Build a portfolio that complements ALTL
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