Looking to balance out your exposure to ARLP? The ETFs below have the lowest correlation with ARLP — they tend to move on their own, which can help reduce risk when ARLP drops. The stock ideas table highlights individual companies that behave independently from ARLP.
Best Diversifiers for ARLP
9 ETFs have low correlation with ARLP (below 0.3), 2 of which are negatively correlated. The least correlated is AAM Low Duration Preferred and Income Securities ETF 144A (PFLD) (Preferred Stock/Convertible Bonds) with a 1Y correlation of -0.05, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AAM Low Duration Preferred and Income Securities E... | -0.05 | 0.08 | 0.12 | 73 | Preferred Stock/Convertible Bonds | ARLP vs PFLD | |
| Invesco QQQ ETF | -0.02 | 0.06 | 0.12 | 58 | Nasdaq-100 | ARLP vs QQQ | |
| Vanguard Information Technology ETF | 0.00 | 0.06 | 0.13 | 57 | Technology Equities | ARLP vs VGT | |
| State Street SPDR S&P 500 ETF | 0.01 | 0.12 | 0.20 | 66 | S&P 500 | ARLP vs SPY | |
| Vanguard S&P 500 ETF | 0.02 | 0.11 | 0.20 | 66 | S&P 500 | ARLP vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ARLP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ARLP and solid risk/return profiles. The least correlated is Oxford Lane Capital Corp. 7.125% Series 2029 Term Preferred Stock (OXLCN) (Financial Services) with a 1Y correlation of -0.08, roughly unchanged from -0.05 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | -0.08 | -0.05 | — | 88 | Financial Services | |
| Essent Group Ltd. | -0.05 | 0.10 | 0.21 | 68 | Financial Services | |
| Rambus Inc. | -0.04 | 0.06 | 0.11 | 71 | Technology | |
| Tesla, Inc. | -0.03 | 0.06 | 0.11 | 63 | Consumer Cyclical | |
| Nuveen AMT-Free Quality Municipal Income Fund | -0.02 | 0.02 | 0.03 | 79 | Financial Services |
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