Looking to balance out your exposure to ALVO? The ETFs below have the lowest correlation with ALVO — they tend to move on their own, which can help reduce risk when ALVO drops. The stock ideas table highlights individual companies that behave independently from ALVO.
Best Diversifiers for ALVO
10 ETFs have low correlation with ALVO (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Rare Earth and Strategic Metals ETF (REMX) (Rare Earth & Strategic Metals) with a 1Y correlation of 0.12, roughly unchanged from 0.11 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Rare Earth and Strategic Metals ETF | 0.12 | 0.11 | — | 82 | Rare Earth & Strategic Metals | ALVO vs REMX | |
| iShares Core MSCI Emerging Markets ETF | 0.18 | 0.17 | — | 69 | Emerging Markets Diversified | ALVO vs IEMG | |
| Global X Hydrogen ETF | 0.18 | 0.18 | — | 79 | Alternative Energy Equities | ALVO vs HYDR | |
| Invesco NASDAQ 100 ETF | 0.20 | 0.18 | — | 64 | Nasdaq-100 | ALVO vs QQQM | |
| NEOS Nasdaq-100 Hedged Equity Income ETF | 0.21 | 0.16 | — | 50 | Nasdaq-100, Hedge Fund | ALVO vs QQQH |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ALVO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ALVO and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.07, roughly unchanged from 0.10 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.07 | 0.10 | — | 66 | Technology | |
| Alamos Gold Inc. | 0.10 | 0.07 | — | 54 | Basic Materials | |
| Super Group (SGHC) Limited | 0.11 | 0.13 | — | 66 | Consumer Cyclical | |
| Catalyst Pharmaceuticals, Inc. | 0.23 | 0.14 | — | 82 | Healthcare |
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