Looking to balance out your exposure to ARE? The ETFs below have the lowest correlation with ARE — they tend to move on their own, which can help reduce risk when ARE drops. The stock ideas table highlights individual companies that behave independently from ARE.
Best Diversifiers for ARE
5 ETFs have low correlation with ARE (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) (Nasdaq-100) with a 1Y correlation of 0.24, roughly unchanged from 0.27 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Nasdaq Equity Premium Income ETF | 0.24 | 0.27 | — | 64 | Nasdaq-100, Derivative Income | ARE vs JEPQ | |
| ProShares UltraPro QQQ | 0.24 | 0.24 | 0.34 | 51 | Leveraged Equities | ARE vs TQQQ | |
| Invesco QQQ ETF | 0.26 | 0.27 | 0.38 | 59 | Nasdaq-100 | ARE vs QQQ | |
| Goldman Sachs Nasdaq-100 Core Premium Income ETF | 0.26 | — | — | 70 | Nasdaq-100, Dividend | ARE vs GPIQ | |
| iShares MSCI Global Metals & Mining Producers ETF | 0.29 | 0.37 | 0.37 | 69 | Metals, Natural Resources, Materials | ARE vs PICK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ARE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ARE and solid risk/return profiles. The least correlated is RenaissanceRe Holdings Ltd. (RNR) (Financial Services) with a 1Y correlation of -0.06, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| RenaissanceRe Holdings Ltd. | -0.06 | 0.08 | 0.15 | 77 | Financial Services | |
| Altria Group, Inc. | 0.01 | 0.18 | 0.24 | 74 | Consumer Defensive | |
| NVIDIA Corporation | 0.02 | 0.06 | 0.18 | 70 | Technology | |
| ONEOK, Inc. | 0.04 | 0.24 | 0.31 | 57 | Energy | |
| TC Energy Corporation | 0.06 | 0.21 | 0.24 | 95 | Energy |
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Build a portfolio that complements ARE
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