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
8 ETFs have low correlation with ARE (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX) (Inflation-Protected Bonds) with a 1Y correlation of 0.19, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg Barclays 1-10 Year TIPS ETF | 0.19 | 0.19 | 0.20 | 61 | Inflation-Protected Bonds | ARE vs TIPX | |
| REX FANG & Innovation Equity Premium Income ETF | 0.23 | 0.24 | 0.24 | 56 | Technology Equities | ARE vs FEPI | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.26 | 0.26 | 0.37 | 76 | Nasdaq-100, Derivative Income | ARE vs JEPQ | |
| ProShares UltraPro QQQ | 0.28 | 0.27 | 0.38 | 71 | Leveraged Equities | ARE vs TQQQ | |
| Invesco QQQ ETF | 0.28 | 0.27 | 0.38 | 74 | Nasdaq-100 | ARE vs QQQ |
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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 -0.03, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| RenaissanceRe Holdings Ltd. | -0.03 | 0.08 | 0.16 | 60 | Financial Services | |
| Altria Group, Inc. | -0.03 | 0.18 | 0.24 | 73 | Consumer Defensive | |
| TC Energy Corporation | -0.03 | 0.22 | 0.26 | 89 | Energy | |
| ONEOK, Inc. | 0.01 | 0.24 | 0.30 | 58 | Energy | |
| NVIDIA Corporation | 0.03 | 0.05 | 0.20 | 80 | Technology |
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Build a portfolio that complements ARE
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