Looking to balance out your exposure to ARLP? The ETFs below have historically moved differently from ARLP, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for ARLP
8 ETFs have low correlation with ARLP (below 0.3), 1 of which are negatively correlated. The least correlated is AAM Low Duration Preferred and Income Securities ETF 144A (PFLD) (Preferred Stock) with a 1Y correlation of -0.06, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AAM Low Duration Preferred and Income Securities E... | -0.06 | 0.09 | 0.12 | 74 | Preferred Stock | ARLP vs PFLD | |
| State Street SPDR S&P 500 ETF | 0.01 | 0.12 | 0.19 | 67 | S&P 500 | ARLP vs SPY | |
| Vanguard S&P 500 ETF | 0.02 | 0.12 | 0.19 | 68 | S&P 500 | ARLP vs VOO | |
| Vanguard Information Technology ETF | 0.02 | 0.06 | 0.12 | 52 | Technology Equities | ARLP vs VGT | |
| Franklin International Core Dividend Tilt Index ET... | 0.05 | 0.16 | 0.20 | 80 | Foreign Large Cap Equities, Dividend | ARLP vs DIVI |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ARLP, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Essent Group Ltd. (ESNT) (Financial Services) with a 1Y correlation of -0.05, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Essent Group Ltd. | -0.05 | 0.10 | 0.20 | 69 | Financial Services | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | -0.04 | -0.05 | -0.00 | 86 | Financial Services | |
| Rambus Inc. | -0.03 | 0.07 | 0.11 | 57 | Technology | |
| Nuveen AMT-Free Quality Municipal Income Fund | -0.02 | 0.02 | 0.03 | 78 | Financial Services | |
| KLA Corporation | 0.02 | 0.07 | 0.11 | 87 | Technology |
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