Looking to diversify beyond AAPB? The ETFs below have the lowest correlation with AAPB — 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 AAPB.
Best Diversifiers for AAPB
773 ETFs have low correlation with AAPB (below 0.3), 118 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.26, down from -0.07 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.26 | -0.07 | — | 66 | Oil & Gas | AAPB vs USO | |
| Invesco DB Oil Fund | -0.25 | -0.05 | — | 65 | Oil & Gas | AAPB vs DBO | |
| United States Brent Oil Fund LP | -0.25 | -0.05 | — | 65 | Oil & Gas | AAPB vs BNO | |
| United States 12 Month Oil Fund LP | -0.25 | -0.05 | — | 56 | Oil & Gas | AAPB vs USL | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.23 | -0.04 | — | 55 | Oil & Gas | AAPB vs OILK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AAPB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AAPB and solid risk/return profiles. The least correlated is Axsome Therapeutics, Inc. (AXSM) (Healthcare) with a 1Y correlation of 0.09, roughly unchanged from 0.13 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Axsome Therapeutics, Inc. | 0.09 | 0.13 | — | 93 | Healthcare | |
| Palo Alto Networks, Inc. | 0.10 | 0.26 | — | 67 | Technology | |
| Eli Lilly and Company | 0.11 | 0.18 | — | 72 | Healthcare | |
| NVIDIA Corporation | 0.21 | 0.29 | — | 78 | Technology | |
| SoFi Technologies, Inc. | 0.21 | 0.28 | — | 51 | Financial Services |
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Build a portfolio that complements AAPB
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