Looking to diversify beyond AAPY? The ETFs below have the lowest correlation with AAPY — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from AAPY.
Best Diversifiers for AAPY
793 ETFs have low correlation with AAPY (below 0.3), 96 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.21, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.21 | -0.05 | -0.05 | 57 | Oil & Gas | AAPY vs DBE | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.21 | — | — | 70 | Derivative Income | AAPY vs WNTR | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.20 | — | — | 65 | Inverse Equities, Leveraged Equities | AAPY vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.20 | — | — | 56 | Inverse Equities | AAPY vs SMST | |
| ProShares Short Bitcoin ETF | -0.20 | -0.15 | -0.15 | 53 | Cryptocurrency | AAPY vs BITI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AAPY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AAPY and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| PPL Corporation | -0.07 | — | — | 56 | Utilities | |
| Verizon Communications Inc. | -0.01 | — | — | 57 | Communication Services | |
| NextEra Energy, Inc. | 0.07 | — | — | 73 | Utilities | |
| Laboratory Corporation of America Holdings | 0.10 | — | — | 59 | Healthcare | |
| Eli Lilly and Company | 0.11 | — | — | 78 | Healthcare |
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Build a portfolio that complements AAPY
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