Looking to diversify beyond AAOX? The ETFs below have the lowest correlation with AAOX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from AAOX.
No Diversifiers Found for AAOX
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AAOX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AAOX and solid risk/return profiles. The least correlated is Applied Optoelectronics, Inc. (AAOI) (Technology) with a 1Y correlation of 1.00, roughly unchanged from 1.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Applied Optoelectronics, Inc. | 1.00 | 1.00 | 1.00 | 95 | Technology |
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