Looking to balance out your exposure to AYI? The ETFs below have the lowest correlation with AYI — they tend to move on their own, which can help reduce risk when AYI drops. The stock ideas table highlights individual companies that behave independently from AYI.
Best Diversifiers for AYI
0 ETFs have low correlation with AYI (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.53, roughly unchanged from 0.59 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.53 | 0.54 | 0.59 | 70 | S&P 500 | AYI vs VOO | |
| State Street SPDR S&P 500 ETF | 0.54 | 0.54 | 0.59 | 70 | S&P 500 | AYI vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AYI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AYI and solid risk/return profiles. The least correlated is Preformed Line Products Company (PLPC) (Industrials) with a 1Y correlation of 0.34, roughly unchanged from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Preformed Line Products Company | 0.34 | 0.38 | 0.36 | 94 | Industrials | |
| REV Group, Inc. | 0.36 | 0.46 | 0.48 | 89 | Industrials | |
| EMCOR Group, Inc. | 0.39 | 0.50 | 0.53 | 83 | Industrials | |
| Eaton Corporation plc | 0.44 | 0.52 | 0.58 | 67 | Industrials | |
| Jabil Inc. | 0.46 | 0.50 | 0.53 | 92 | Technology |
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