Looking to balance out your exposure to AAPL? The ETFs below have the lowest correlation with AAPL — they tend to move on their own, which can help reduce risk when AAPL drops. The stock ideas table highlights individual companies that behave independently from AAPL.
Best Diversifiers for AAPL
126 ETFs have low correlation with AAPL (below 0.3), 21 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 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.26 | -0.07 | 0.01 | 66 | Oil & Gas | AAPL vs USO | |
| ProShares Ultra Bloomberg Crude Oil | -0.23 | -0.04 | 0.03 | 54 | Leveraged Commodities | AAPL vs UCO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.20 | -0.03 | 0.05 | 71 | Commodities | AAPL vs GSG | |
| Invesco DB Commodity Index Tracking Fund | -0.18 | -0.00 | 0.06 | 75 | Commodities | AAPL vs DBC | |
| Harbor Commodity All-Weather Strategy ETF | -0.13 | -0.02 | — | 78 | Commodities | AAPL vs HGER |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AAPL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AAPL and solid risk/return profiles. The least correlated is Equinor ASA (EQNR) (Energy) with a 1Y correlation of -0.17, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinor ASA | -0.17 | 0.01 | 0.07 | 82 | Energy | |
| Suncor Energy Inc. | -0.14 | -0.01 | 0.13 | 95 | Energy | |
| Nutrien Ltd. | -0.13 | 0.01 | 0.14 | 58 | Basic Materials | |
| Ecopetrol S.A. | -0.12 | 0.06 | 0.11 | 92 | Energy | |
| Vista Oil & Gas, S.A.B. de C.V. | -0.11 | 0.07 | 0.13 | 68 | Energy |
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Build a portfolio that complements AAPL
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