Abstract Despite a substantial hemispheric asymmetry in clear-sky albedo, observations of Earth’s radiation budget reveal that the two hemispheres have the same all-sky albedo. Here, aquaplanet simulations with the atmosphere general circulation model ECHAM6 coupled to a slab ocean are performed to study to what extent and by which mechanisms clouds compensate hemispheric asymmetries in clear-sky albedo. Clouds adapt to compensate the imposed asymmetries because the intertropical convergence zone (ITCZ) shifts into the dark surface hemisphere. The strength of this tropical compensation mechanism is linked to the magnitude of the ITCZ shift. In some cases the ITCZ shift is so strong as to overcompensate the hemispheric asymmetry in clear-sky albedo, yielding a range of climates for which the hemisphere with lower clear-sky albedo has a higher all-sky albedo. The ITCZ shift is sensitive to the convection scheme and the depth of the slab ocean. Cloud–radiative feedbacks explain part of the sensitivity to the convection scheme as they amplify the ITCZ shift in the Tiedtke (TTT) scheme but have a neutral effect in the Nordeng (TNT) scheme. A shallower slab ocean depth, and thereby reduced thermal inertia of the underlying surface and increased seasonal cycle, stabilizes the ITCZ against annual-mean shifts. The results lend support to the idea that the climate system adjusts so as to minimize hemispheric albedo asymmetries, although there is no indication that the hemispheres must have exactly the same albedo.