Looking to balance out your exposure to ALX? The ETFs below have the lowest correlation with ALX — they tend to move on their own, which can help reduce risk when ALX drops. The stock ideas table highlights individual companies that behave independently from ALX.
Best Diversifiers for ALX
2 ETFs have low correlation with ALX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.19, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.19 | 0.30 | 0.37 | 70 | S&P 500 | ALX vs VOO | |
| Vanguard Total International Stock ETF | 0.24 | 0.34 | 0.36 | 60 | Global Equities | ALX vs VXUS |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ALX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ALX and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.11, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.11 | 0.15 | 0.24 | 89 | Technology | |
| CareTrust REIT, Inc. | 0.19 | 0.25 | 0.36 | 82 | Real Estate | |
| NETSTREIT Corp. | 0.37 | 0.42 | 0.43 | 77 | Real Estate |
Build a portfolio that complements ALX
Add ALX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ALX