Looking to balance out your exposure to ARI? The ETFs below have the lowest correlation with ARI — they tend to move on their own, which can help reduce risk when ARI drops. The stock ideas table highlights individual companies that behave independently from ARI.
Best Diversifiers for ARI
2 ETFs have low correlation with ARI (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR Bloomberg 3-12 Month T-Bill ETF (BILS) (Ultrashort Bond) with a 1Y correlation of 0.01, roughly unchanged from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 3-12 Month T-Bill ETF | 0.01 | 0.04 | 0.00 | 100 | Ultrashort Bond | ARI vs BILS | |
| Global X NASDAQ 100 Covered Call ETF | 0.21 | 0.27 | 0.40 | 88 | Nasdaq-100, Derivative Income | ARI vs QYLD | |
| Vanguard S&P 500 ETF | 0.34 | 0.44 | 0.54 | 70 | S&P 500 | ARI vs VOO | |
| Schwab U.S. Dividend Equity ETF | 0.47 | 0.58 | 0.63 | 80 | Dividend | ARI vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ARI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ARI and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.05, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.05 | 0.06 | 0.10 | 72 | Healthcare | |
| Verizon Communications Inc. | 0.13 | 0.18 | 0.24 | 59 | Communication Services | |
| Enterprise Products Partners L.P. | 0.19 | 0.29 | 0.37 | 85 | Energy | |
| Gilead Sciences, Inc. | 0.21 | 0.25 | 0.27 | 63 | Healthcare | |
| GlaxoSmithKline plc | 0.25 | 0.21 | 0.21 | 68 | Healthcare |
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