Looking to diversify beyond AAPY? The ETFs below have historically moved differently from AAPY, 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 AAPY
957 ETFs have low correlation with AAPY (below 0.3), 106 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Oil Fund | -0.24 | — | — | 51 | Oil & Gas | AAPY vs DBO | |
| Invesco DB Energy Fund | -0.23 | — | — | 66 | Oil & Gas | AAPY vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.21 | -0.05 | -0.05 | 61 | Commodities | AAPY vs GSG | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.20 | -0.24 | -0.24 | 69 | Derivative Income | AAPY vs WNTR | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.20 | -0.03 | -0.03 | 70 | Commodities | AAPY vs PDBC |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AAPY, 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 Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of 0.03, roughly unchanged from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | 0.03 | 0.04 | 0.04 | 66 | Communication Services | |
| NextEra Energy, Inc. | 0.06 | — | — | 77 | Utilities | |
| Micron Technology, Inc. | 0.09 | 0.19 | 0.19 | 99 | Technology | |
| Sprott Physical Gold Trust | 0.10 | 0.02 | 0.02 | 62 | Financial Services | |
| Flex Ltd. | 0.11 | 0.18 | 0.18 | 92 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements AAPY
Add AAPY to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with AAPY