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
161 ETFs have low correlation with AAPL (below 0.3), 18 of which are negatively correlated. The least correlated is iShares S&P GSCI Commodity-Indexed Trust (GSG) (Commodities) with a 1Y correlation of -0.19, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P GSCI Commodity-Indexed Trust | -0.19 | -0.03 | 0.05 | 57 | Commodities | AAPL vs GSG | |
| Invesco DB Commodity Index Tracking Fund | -0.17 | 0.01 | 0.06 | 60 | Commodities | AAPL vs DBC | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.17 | -0.00 | 0.06 | 61 | Commodities | AAPL vs PDBC | |
| WisdomTree Floating Rate Treasury Fund | -0.14 | -0.04 | -0.02 | 100 | Government Bonds, Ultrashort Bond | AAPL vs USFR | |
| Fidelity MSCI Energy Index ETF | -0.12 | 0.03 | 0.15 | 56 | Energy Equities | AAPL vs FENY |
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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 Cheniere Energy, Inc. (LNG) (Energy) with a 1Y correlation of -0.26, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cheniere Energy, Inc. | -0.26 | -0.03 | 0.09 | 55 | Energy | |
| Consolidated Edison, Inc. | -0.16 | -0.06 | 0.07 | 69 | Utilities | |
| Equinor ASA | -0.16 | 0.02 | 0.07 | 78 | Energy | |
| Duke Energy Corporation | -0.14 | -0.05 | 0.07 | 63 | Utilities | |
| Waste Management, Inc. | -0.14 | 0.02 | 0.19 | 51 | Industrials |
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Build a portfolio that complements AAPL
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