Looking to diversify beyond ALTY? The ETFs below have the lowest correlation with ALTY — 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 ALTY.
Best Diversifiers for ALTY
354 ETFs have low correlation with ALTY (below 0.3), 40 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.28, down from -0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.28 | -0.19 | -0.15 | 63 | Leveraged Currency | ALTY vs YCS | |
| Invesco DB Energy Fund | -0.17 | 0.01 | 0.15 | 71 | Oil & Gas | ALTY vs DBE | |
| United States Brent Oil Fund LP | -0.17 | 0.02 | 0.15 | 65 | Oil & Gas | ALTY vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.16 | — | — | 56 | Derivative Income | ALTY vs USOY | |
| United States Oil Fund LP | -0.15 | 0.02 | 0.15 | 66 | Oil & Gas | ALTY vs USO |
See all 2191 diversifiers for ALTY
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Diversification Analysis
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