Looking to balance out your exposure to AEP? The ETFs below have historically moved differently from AEP, 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 AEP
15 ETFs have low correlation with AEP (below 0.3), 8 of which are negatively correlated. The least correlated is Invesco NASDAQ 100 ETF (QQQM) (Nasdaq-100) with a 1Y correlation of -0.12, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco NASDAQ 100 ETF | -0.12 | -0.09 | 0.07 | 54 | Nasdaq-100 | AEP vs QQQM | |
| iShares 0-3 Month Treasury Bond ETF | -0.08 | 0.01 | -0.01 | 100 | Ultrashort Bond | AEP vs SGOV | |
| VanEck Semiconductor ETF | -0.06 | -0.14 | -0.02 | 87 | Semiconductors, Technology Equities | AEP vs SMH | |
| NEOS S&P 500 High Income ETF | -0.04 | 0.04 | — | 73 | Derivative Income, S&P 500 | AEP vs SPYI | |
| Vanguard S&P 500 ETF | -0.03 | 0.05 | 0.20 | 72 | S&P 500 | AEP vs VOO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AEP, 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 Fortinet, Inc. (FTNT) (Technology) with a 1Y correlation of -0.15, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fortinet, Inc. | -0.15 | -0.05 | 0.06 | 83 | Technology | |
| Snowflake Inc. | -0.14 | -0.06 | -0.00 | 69 | Technology | |
| Enphase Energy, Inc. | -0.13 | 0.07 | 0.09 | 55 | Technology | |
| Micron Technology, Inc. | -0.12 | -0.12 | -0.05 | 99 | Technology | |
| Broadcom Inc. | -0.11 | -0.15 | -0.01 | 70 | Technology |
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