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
108 ETFs have low correlation with AAPL (below 0.3), 8 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.13, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.13 | -0.03 | -0.01 | 100 | Government Bonds, Ultrashort Bond | AAPL vs USFR | |
| iShares 0-3 Month Treasury Bond ETF | -0.09 | -0.04 | -0.02 | 100 | Ultrashort Bond | AAPL vs SGOV | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.05 | 0.07 | 0.10 | 87 | Inflation-Protected Bonds | AAPL vs VTIP | |
| iShares Treasury Floating Rate Bond ETF | -0.05 | -0.05 | -0.06 | 100 | Government Bonds, Ultrashort Bond | AAPL vs TFLO | |
| Global X MLP & Energy Infrastructure ETF | -0.04 | 0.06 | 0.19 | 51 | MLPs | AAPL vs MLPX |
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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 Consolidated Edison, Inc. (ED) (Utilities) with a 1Y correlation of -0.13, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Consolidated Edison, Inc. | -0.13 | -0.06 | 0.07 | 66 | Utilities | |
| Ecopetrol S.A. | -0.12 | 0.06 | 0.11 | 88 | Energy | |
| YPF Sociedad Anónima | -0.12 | 0.10 | 0.16 | 64 | Energy | |
| Suncor Energy Inc. | -0.10 | 0.00 | 0.13 | 84 | Energy | |
| Chevron Corporation | -0.10 | 0.03 | 0.13 | 70 | Energy |
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Build a portfolio that complements AAPL
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