Looking to balance out your exposure to AAOI? The ETFs below have the lowest correlation with AAOI — they tend to move on their own, which can help reduce risk when AAOI drops. The stock ideas table highlights individual companies that behave independently from AAOI.
Best Diversifiers for AAOI
6 ETFs have low correlation with AAOI (below 0.3), 3 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.10, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.10 | -0.09 | -0.02 | 100 | Government Bonds, Ultrashort Bond | AAOI vs BIL | |
| iShares 0-1 Year Treasury Bond ETF | -0.03 | -0.02 | 0.00 | 100 | Government Bonds, Ultrashort Bond | AAOI vs SHV | |
| Invesco DB Energy Fund | -0.02 | 0.04 | 0.06 | 53 | Oil & Gas | AAOI vs DBE | |
| Breakwave Tanker Shipping ETF | 0.10 | 0.02 | — | 99 | Commodities | AAOI vs BWET | |
| ProShares High Yield-Interest Rate Hedged | 0.20 | 0.27 | 0.30 | 60 | High Yield Bonds | AAOI vs HYHG |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AAOI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AAOI and solid risk/return profiles. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.14, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.14 | 0.03 | 0.10 | 53 | Financial Services | |
| Cboe Global Markets, Inc. | -0.13 | -0.16 | -0.07 | 62 | Financial Services | |
| The Coca-Cola Company | -0.11 | -0.12 | -0.08 | 83 | Consumer Defensive | |
| Walmart Inc. | -0.08 | 0.00 | 0.03 | 71 | Consumer Defensive | |
| CBL & Associates Properties, Inc. | -0.08 | 0.11 | — | 98 |
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