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51 Stock and 49 ETF ALLETE, (ALE) alternatives

The most close ALLETE, (ALE) alternative is ETF ASTX (Tradr 2X Long ASTS Daily ETF). The correlation is 0.9137.

Stocks that highly correlated with ALE

SymbolName
Market cap
SectorIndustry
Correlation
JFBJFB Construction Holdings$63MReal EstateReal Estate - Development0.89
MLACRMountain Lake Acquisition Corp$7.99MN/AN/A0.88
CCIICohen Circle Acquisition Corp II - Class A$269MFinancial ServicesShell Companies0.82
HVMCUHighview Merger Corp - Units (1 Ord Cls A & 1/2 War)$52MFinancial ServicesShell Companies0.82
VNMEWVendome Acquisition Corporation I Warrant$2.70MN/AN/A0.82
RYOJrYojbaba Co. Ltd$51MIndustrialsConsulting Services0.81
CCCXChurchill Capital Corp X - Class A$570MFinancial ServicesShell Companies0.79
NUAINew Era Energy & Digital Inc$221MTechnologySoftware - Infrastructure0.78
VINON/A$1.32MReal EstateReal Estate - Diversified0.78
ARAIArrive AI Inc$15MTechnologyScientific & Technical Instruments0.77
RFAIRRF Acquisition Corp II$386KN/AN/A0.77
INACRIndigo Acquisition Corp Right$448KN/AN/A0.75
TVATexas Ventures Acquisition III Corp - Class A$237MFinancial ServicesShell Companies0.75
CEPFCantor Equity Partners IV Inc - Class A$597MFinancial ServicesShell Companies0.74
TVACWTexas Ventures Acquisition III Corp - Warrants (23/04/2030)$153MN/AN/A0.73
NUTRNusatrip Inc$174MConsumer CyclicalTravel Services0.73
CHPGChampionsGate Acquisition Corp - Class A$78MFinancial ServicesShell Companies0.72
GTERRGloba Terra Acquisition Corporation Rights$407KN/AN/A0.71
QUMSUQuantumsphere Acquisition Corp - Units (1 Ord Shs & 1 Rts)$33MFinancial ServicesShell Companies0.70
LWACWLightWave Acquisition Corp - Warrants (06/06/2030)$178MN/AN/A0.70
RCTRedCloud Holdings PLC$14MTechnologySoftware - Application0.69
HVIIUHennessy Capital Investment Corp VII - Units (1 Ord Shs & 1 Rts)$205MFinancial ServicesShell Companies0.68
GIGGUGigCapital7 Corp - Units (1 Ord Class A & 1 War)$2.83BFinancial ServicesShell Companies0.68
CCIIUCohen Circle Acquisition Corp II - Units (1 Ord Cls A & 1/4 War)$80MFinancial ServicesShell Companies0.68
OGEOge Energy Corp$10BUtilitiesUtilities - Regulated Electric0.68
PORPortland General Electric Company$6.04BUtilitiesUtilities - Regulated Electric0.68
MBVIUM3 Brigade Acquisition VI Corp - Units (1 Ord Cls A & 1/3 War)$77MFinancial ServicesShell Companies0.68
TVACUTexas Ventures Acquisition III Corp - Units (1 Ord Cls A & 1/2 War)$73MFinancial ServicesShell Companies0.67
TE-WST1 Energy Inc Wt Exp$19MN/AN/A0.67
PNWPinnacle West Capital Corp$13BUtilitiesUtilities - Regulated Electric0.67
MKLYUMcKinley Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$59MFinancial ServicesShell Companies0.66
NJRNew Jersey Resources Corporation$5.84BUtilitiesUtilities - Regulated Gas0.66
BEAGRBold Eagle Acquisition Corp Right$1.50MN/AN/A0.66
BKHBlack Hills Corporation$5.59BUtilitiesUtilities - Regulated Gas0.65
ABVEAbove Food Ingredients Inc$66MConsumer DefensivePackaged Foods0.64
BEAGBold Eagle Acquisition Corp$276MFinancial ServicesShell Companies0.64
HONDHCM II Acquisition Corp. Class A Ordinary Shares$519MFinancial ServicesShell Companies0.64
IDAIdacorp Inc$8.10BUtilitiesUtilities - Regulated Electric0.63
VNMEVendome Acquisition Corporation I$254MFinancial ServicesShell Companies0.63
LNTAlliant Energy Corp$19BUtilitiesUtilities - Regulated Electric0.63
HCMAUHCM III Acquisition Corp - Units (1 Ord Cls A & 1 War)$77MFinancial ServicesShell Companies0.62
WTRGEssential Utilities Inc$11BUtilitiesUtilities - Regulated Water0.62
HONDUHCM II Acquisition Corp Unit$483MFinancial ServicesShell Companies0.62
GTENGores Holdings X Inc - Class A$471MFinancial ServicesShell Companies0.62
VCICVine Hill Capital Investment Corp - Class A$71MFinancial ServicesShell Companies0.62
NWENorthWestern Energy Group Inc$4.41BUtilitiesUtilities - Regulated Electric0.62
MEGIMainStay CBRE Global Infrastructure Megatrends Fund$812MFinancial ServicesAsset Management0.62
PMTRPerimeter Acquisition Corp I - Class A$258MFinancial ServicesShell Companies0.62
RTACRenatus Tactical Acquisition Corp I - Class A$326MFinancial ServicesShell Companies0.62
AEPAmerican Electric Power Company Inc$72BUtilitiesUtilities - Regulated Electric0.62
NINiSource Inc$22BUtilitiesUtilities - Regulated Gas0.62

ETFs that highly correlated with ALE

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
ASTXTradr 2X Long ASTS Daily ETF$602MN/AJul 10, 20250.91
CEFZRIVERNORTH ACTIVE INCOME ETF $40M3.36%Dec 27, 20060.89
BESFBASTION ENERGY ETF $33M0.80%Jun 3, 20250.80
XEMDBONDBLOXX JP MORGAN USD EMERGING MARKETS 1-10 YEAR BOND ETF $983M0.29%Jun 28, 20220.70
JXIISHARES GLOBAL UTILITIES ETF $323M0.39%Sep 12, 20060.70
PUIINVESCO DORSEY WRIGHT UTILITIES MOMENTUM ETF $77M0.60%Oct 26, 20050.69
UPWPROSHARES ULTRA UTILITIES $18MN/AJan 30, 20070.69
UTSLDIREXION DAILY UTILITIES BULL 3X SHARES $46MN/AMay 3, 20170.69
UPARUPAR ULTRA RISK PARITY ETF $59M0.68%Jan 3, 20220.69
BSCWInvesco BulletShares 2032 Corporate Bond ETF$1.50B0.10%Sep 8, 20220.68
FUTYFIDELITY MSCI UTILITIES INDEX ETF $2.30B0.08%Oct 21, 20130.68
VPUVANGUARD UTILITIES INDEX FUND ETF SHARES$11B0.09%Jan 26, 20040.68
HDLBUBS AG London Branch ETRACS Monthly Pay 2X Leveraged US High Divid Low Volatility ETN Ser B 09302044$5.20MN/AOct 25, 20190.68
IDUISHARES U.S. UTILITIES ETF $1.40B0.38%Jun 12, 20000.67
IBDXISHARES IBONDS DEC 2032 TERM CORPORATE ETF $1.70B0.10%Jun 28, 20220.67
FPWRFIRST TRUST EIP POWER SOLUTIONS ETF $26M0.96%Aug 19, 20190.67
RSPUINVESCO S&P 500 EQUAL WEIGHT UTILITIES ETF $554M0.40%Nov 1, 20060.67
XLUSTATE STREET(R) UTILITIES SELECT SECTOR SPDR(R) ETF $23B0.08%Dec 16, 19980.66
RGTUTRADR 2X LONG RGTI DAILY ETF $14MN/AJun 23, 20250.66
ZHOGF/m Opportunistic Income ETF$46M0.43%Sep 5, 20230.66
FXUFIRST TRUST UTILITIES ALPHADEX FUND $815M0.61%May 8, 20070.65
DVUTWEBS Defined Volatility XLU ETF$273K0.89%Jul 22, 20250.65
RGTXDEFIANCE DAILY TARGET 2X LONG RGTI ETF $92MN/AMar 31, 20250.65
LVHDFRANKLIN U.S. LOW VOLATILITY HIGH DIVIDEND INDEX ETF $607M0.27%Dec 28, 20150.65
IGFISHARES GLOBAL INFRASTRUCTURE ETF $11B0.39%Dec 10, 20070.65
GIISTATE STREET(R) SPDR(R) S&P(R) GLOBAL INFRASTRUCTURE ETF $962M0.40%Jan 25, 20070.65
FVDFIRST TRUST VALUE LINE DIVIDEND INDEX FUND $8B0.62%Aug 19, 20030.65
JMHIJPMORGAN HIGH YIELD MUNICIPAL ETF $281M0.35%Sep 17, 20070.64
XMLVINVESCO S&P MIDCAP LOW VOLATILITY ETF $732M0.25%Feb 15, 20130.64
JMSIJPMORGAN SUSTAINABLE MUNICIPAL INCOME ETF $391M0.18%Feb 9, 19930.64
BNDINEOS ENHANCED INCOME AGGREGATE BOND ETF $182M0.58%Aug 29, 20220.64
TPIFTIMOTHY PLAN INTERNATIONAL ETF $245M0.62%Dec 2, 20190.64
TPHDTIMOTHY PLAN HIGH DIVIDEND STOCK ETF $351M0.52%Apr 30, 20190.63
IBDYISHARES IBONDS DEC 2033 TERM CORPORATE ETF $1.10B0.10%Jun 21, 20230.63
UTESVIRTUS REAVES UTILITIES ETF $1.40B0.49%Sep 23, 20150.63
SPLVINVESCO S&P 500 LOW VOLATILITY ETF $7.10B0.25%May 5, 20110.63
RCTRFIRST TRUST BLOOMBERG NUCLEAR POWER ETF $27M0.70%Jul 29, 20250.63
OACPONEASCENT CORE PLUS BOND ETF $265M0.67%Mar 30, 20220.62
CGCPCAPITAL GROUP CORE PLUS INCOME ETF SHARE CLASS$8.30B0.34%Feb 22, 20220.62
MOODRELATIVE SENTIMENT TACTICAL ALLOCATION ETF $128M0.73%May 18, 20220.62
PYLDPIMCO Multisector Bond Active Exchange-Traded Fund$15B0.64%Jun 21, 20230.62
FIDFirst Trust S&P International Dividend Aristocrats ETF$157M0.60%Aug 22, 20130.62
BSMWInvesco BulletShares 2032 Municipal Bond ETF$208M0.18%Mar 1, 20230.62
DPGDuff & Phelps Utility and Infrastructure Fund Inc$588MN/AN/A0.62
WWJDINSPIRE INTERNATIONAL ETF $550M0.61%Sep 30, 20190.62
BSCXInvesco BulletShares 2033 Corporate Bond ETF$1B0.10%Sep 20, 20230.62
TMDVPROSHARES RUSSELL U.S. DIVIDEND GROWERS ETF PROSHARES RUSSELL US DIVIDEND GROWERS ETF$4.60M0.35%Nov 5, 20190.62
SPHDINVESCO S&P 500 HIGH DIVIDEND LOW VOLATILITY ETF $3.30B0.30%Oct 18, 20120.62
IFRAISHARES U.S. INFRASTRUCTURE ETF $4.60B0.30%Apr 3, 20180.62