Looking to diversify beyond AAPB? The ETFs below have historically moved differently from AAPB, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for AAPB
1098 ETFs have low correlation with AAPB (below 0.3), 110 of which are negatively correlated. The least correlated is Invesco DB Oil Fund (DBO) (Oil & Gas) with a 1Y correlation of -0.26, down from -0.06 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Oil Fund | -0.26 | -0.06 | — | 51 | Oil & Gas | AAPB vs DBO | |
| Invesco DB Energy Fund | -0.25 | -0.06 | — | 66 | Oil & Gas | AAPB vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.22 | -0.03 | — | 61 | Commodities | AAPB vs GSG | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.20 | -0.01 | 0.04 | 70 | Commodities | AAPB vs PDBC | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.20 | -0.03 | — | 56 | Commodities | AAPB vs COMT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AAPB, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is HF Sinclair Corp (DINO) (Energy) with a 1Y correlation of 0.03, roughly unchanged from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| HF Sinclair Corp | 0.03 | 0.07 | 0.13 | 96 | Energy | |
| Axsome Therapeutics, Inc. | 0.08 | 0.13 | — | 95 | Healthcare | |
| Eli Lilly and Company | 0.10 | 0.16 | — | 79 | Healthcare | |
| Palo Alto Networks, Inc. | 0.12 | 0.25 | — | 90 | Technology | |
| NVIDIA Corporation | 0.16 | 0.25 | — | 61 | Technology |
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Build a portfolio that complements AAPB
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