Looking to balance out your exposure to AAON? The ETFs below have the lowest correlation with AAON — they tend to move on their own, which can help reduce risk when AAON drops. The stock ideas table highlights individual companies that behave independently from AAON.
Best Diversifiers for AAON
0 ETFs have low correlation with AAON (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of 0.40, roughly unchanged from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.40 | 0.43 | 0.45 | 76 | Technology Equities | AAON vs VGT | |
| Invesco QQQ ETF | 0.40 | 0.43 | 0.45 | 73 | Nasdaq-100 | AAON vs QQQ | |
| Vanguard S&P 500 ETF | 0.45 | 0.49 | 0.50 | 70 | S&P 500 | AAON vs VOO | |
| State Street SPDR S&P 500 ETF | 0.46 | 0.49 | 0.51 | 70 | S&P 500 | AAON vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AAON, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AAON and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.07, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.07 | -0.03 | 0.09 | 66 | Consumer Defensive | |
| Murphy USA Inc. | -0.06 | 0.12 | 0.18 | 62 | Consumer Cyclical | |
| Coca-Cola Consolidated, Inc. | -0.02 | 0.13 | 0.24 | 80 | Consumer Defensive | |
| Atmos Energy Corporation | 0.03 | 0.09 | 0.16 | 60 | Utilities | |
| Palo Alto Networks, Inc. | 0.04 | 0.23 | 0.25 | 67 | Technology |
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