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
453 ETFs have low correlation with ALTL (below 0.3), 64 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.22 | — | — | 98 | Inflation-Protected Bonds | ALTL vs RBIL | |
| Invesco DB Energy Fund | -0.21 | -0.10 | 0.03 | 71 | Oil & Gas | ALTL vs DBE | |
| Invesco DB Oil Fund | -0.18 | -0.08 | 0.03 | 65 | Oil & Gas | ALTL vs DBO | |
| United States Oil Fund LP | -0.17 | -0.08 | 0.03 | 66 | Oil & Gas | ALTL vs USO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.16 | -0.06 | 0.04 | 55 | Oil & Gas | ALTL vs OILK |
To view more results, upgrade your current subscription plan.
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 -0.02, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.02 | 0.21 | 0.29 | 63 | Consumer Defensive | |
| CrowdStrike Holdings, Inc. | 0.22 | 0.28 | 0.32 | 70 | Technology | |
| Bristol-Myers Squibb Company | 0.22 | 0.27 | 0.28 | 63 | Healthcare | |
| NVIDIA Corporation | 0.25 | 0.25 | 0.37 | 78 | Technology | |
| Alphabet Inc. Class A | 0.25 | 0.27 | 0.38 | 96 | Communication Services |
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