Looking to balance out your exposure to AAP? The ETFs below have the lowest correlation with AAP — they tend to move on their own, which can help reduce risk when AAP drops. The stock ideas table highlights individual companies that behave independently from AAP.
Best Diversifiers for AAP
3 ETFs have low correlation with AAP (below 0.3), 0 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of 0.04, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | 0.04 | 0.09 | 0.20 | 90 | Leveraged Equities, Semiconductors | AAP vs USD | |
| Invesco QQQ ETF | 0.20 | 0.20 | 0.29 | 73 | Nasdaq-100 | AAP vs QQQ | |
| Vanguard S&P 500 ETF | 0.29 | 0.29 | 0.38 | 70 | S&P 500 | AAP vs VOO | |
| Schwab U.S. Dividend Equity ETF | 0.40 | 0.43 | 0.48 | 80 | Dividend | AAP vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AAP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AAP and solid risk/return profiles. The least correlated is Coterra Energy Inc. (CTRA) (Energy) with a 1Y correlation of 0.05, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Coterra Energy Inc. | 0.05 | 0.14 | 0.16 | 79 | Energy | |
| EOG Resources, Inc. | 0.07 | 0.15 | 0.16 | 69 | Energy | |
| Altria Group, Inc. | 0.10 | 0.15 | 0.20 | 69 | Consumer Defensive | |
| Verizon Communications Inc. | 0.11 | 0.17 | 0.22 | 59 | Communication Services | |
| The Coca-Cola Company | 0.13 | 0.14 | 0.22 | 66 | Consumer Defensive |
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