Looking to balance out your exposure to ALTO? The ETFs below have the lowest correlation with ALTO — they tend to move on their own, which can help reduce risk when ALTO drops. The stock ideas table highlights individual companies that behave independently from ALTO.
Best Diversifiers for ALTO
2 ETFs have low correlation with ALTO (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Total World Stock ETF (VT) (Global Equities) with a 1Y correlation of 0.11, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Total World Stock ETF | 0.11 | 0.25 | 0.37 | 67 | Global Equities | ALTO vs VT | |
| Schwab U.S. Dividend Equity ETF | 0.14 | 0.26 | 0.34 | 80 | Dividend | ALTO vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ALTO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ALTO and solid risk/return profiles. The least correlated is Edison International (EIX) (Utilities) with a 1Y correlation of 0.04, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Edison International | 0.04 | 0.15 | 0.17 | 77 | Utilities | |
| Pfizer Inc. | 0.08 | 0.14 | 0.11 | 61 | Healthcare | |
| Green Plains Inc. | 0.27 | 0.37 | 0.45 | 96 | Basic Materials | |
| REX American Resources Corporation | 0.30 | 0.28 | 0.38 | 96 | Basic Materials |
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