23 Stocks and 77 ETFs for diversifying ALAI (ALGER AI ENABLERS & ADOPTERS ETF)
The least correlated asset to ALAI (ALGER AI ENABLERS & ADOPTERS ETF) is ETF NTRL (First Trust Equity Market Neutral ETF). The correlation is -1.
Stocks that lowly correlated with ALAI
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| ED | Consolidated Edison Inc | $40B | Utilities | Utilities - Regulated Electric | -0.73 |
| GSRM | Bitcoin Depot Inc - Class A | $54M | N/A | N/A | -0.73 |
| SMTK | SmartKem, Inc. Common Stock | $4.23M | Technology | Semiconductor Equipment & Materials | -0.70 |
| PIRS | Pieris Pharmaceuticals Inc | $24M | N/A | N/A | -0.70 |
| ITI | Iteris Inc | $316M | N/A | N/A | -0.67 |
| SLGC | SomaLogic Inc - Class A | $393M | Healthcare | Health Information Services | -0.64 |
| TWKS | Thoughtworks Holding Inc | $1.45B | N/A | N/A | -0.60 |
| IROHU | CN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts) | $453M | N/A | N/A | -0.59 |
| BGS | B&G Foods Inc | $305M | Consumer Defensive | Packaged Foods | -0.58 |
| WSBK | Winchester Bancorp Inc | $121M | Financial Services | Banks - Regional | -0.58 |
| APAD | Enhanced Group Inc - Class A | $161M | Financial Services | Shell Companies | -0.57 |
| EXC | Exelon Corp | $47B | Utilities | Utilities - Regulated Electric | -0.56 |
| CLIK | Click Holdings Ltd | $4.19M | Consumer Cyclical | Personal Services | -0.54 |
| TAK | Takeda Pharmaceutical Company | $51B | Healthcare | Drug Manufacturers - Specialty & Generic | -0.54 |
| GRCL | Gracell Biotechnologies Inc | $990M | Healthcare | Biotechnology | -0.54 |
| FRBN | Forbion European Acquisition Corp - Class A | $343M | Financial Services | Shell Companies | -0.54 |
| SOL | Emeren Group Ltd American Depositary Shares, each representing 10 shares | $100M | Technology | Solar | -0.54 |
| DM | Desktop Metal Inc - Class A | $165M | N/A | N/A | -0.53 |
| ADC | Agree Realty Corp | $9.32B | Real Estate | Reit - Retail | -0.53 |
| AWK | American Water Works Co. Inc | $25B | Utilities | Utilities - Regulated Water | -0.52 |
| CMS | CMS Energy Corporation | $23B | Utilities | Utilities - Regulated Electric | -0.51 |
| CAG | Conagra Brands Inc | $6.75B | Consumer Defensive | Packaged Foods | -0.51 |
| CPSR | Gelesis Holdings Inc - Class A | $1.87B | N/A | N/A | -0.51 |