Looking to balance out your exposure to AAPL? The ETFs below have historically moved differently from AAPL, 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 AAPL
184 ETFs have low correlation with AAPL (below 0.3), 20 of which are negatively correlated. The least correlated is iShares S&P GSCI Commodity-Indexed Trust (GSG) (Commodities) with a 1Y correlation of -0.21, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P GSCI Commodity-Indexed Trust | -0.21 | -0.03 | 0.04 | 51 | Commodities | AAPL vs GSG | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.20 | -0.02 | 0.04 | 60 | Commodities | AAPL vs PDBC | |
| Invesco DB Commodity Index Tracking Fund | -0.20 | -0.01 | 0.05 | 59 | Commodities | AAPL vs DBC | |
| Vanguard Energy ETF | -0.14 | 0.02 | 0.14 | 61 | Energy Equities | AAPL vs VDE | |
| Fidelity MSCI Energy Index ETF | -0.14 | 0.02 | 0.14 | 62 | Energy Equities | AAPL vs FENY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AAPL, 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 Equinor ASA (EQNR) (Energy) with a 1Y correlation of -0.18, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinor ASA | -0.18 | 0.01 | 0.06 | 82 | Energy | |
| BP p.l.c. | -0.17 | 0.02 | 0.13 | 71 | Energy | |
| Occidental Petroleum Corporation | -0.17 | 0.02 | 0.13 | 65 | Energy | |
| Chevron Corporation | -0.16 | 0.01 | 0.13 | 72 | Energy | |
| EOG Resources, Inc. | -0.15 | 0.02 | 0.10 | 61 | Energy |
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Build a portfolio that complements AAPL
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