Looking to balance out your exposure to AEP? The ETFs below have the lowest correlation with AEP — they tend to move on their own, which can help reduce risk when AEP drops. The stock ideas table highlights individual companies that behave independently from AEP.
Best Diversifiers for AEP
14 ETFs have low correlation with AEP (below 0.3), 5 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.08, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.08 | 0.00 | -0.01 | 100 | Ultrashort Bond | AEP vs SGOV | |
| ProShares Ultra Bloomberg Crude Oil | -0.05 | -0.04 | -0.00 | 54 | Leveraged Commodities | AEP vs UCO | |
| Invesco NASDAQ 100 ETF | -0.03 | -0.06 | 0.09 | 74 | Nasdaq-100 | AEP vs QQQM | |
| NEOS Nasdaq-100 High Income ETF | -0.03 | — | — | 68 | Nasdaq-100, Derivative Income | AEP vs QQQI | |
| VanEck Semiconductor ETF | -0.02 | -0.12 | -0.01 | 96 | Semiconductors, Technology Equities | AEP vs SMH |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AEP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AEP and solid risk/return profiles. The least correlated is Oracle Corporation (ORCL) (Technology) 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 | Sector |
|---|---|---|---|---|---|---|
| Oracle Corporation | -0.19 | -0.09 | 0.05 | 58 | Technology | |
| QUALCOMM Incorporated | -0.12 | -0.10 | 0.02 | 79 | Technology | |
| NVIDIA Corporation | -0.11 | -0.18 | -0.06 | 78 | Technology | |
| Fortinet, Inc. | -0.11 | -0.04 | 0.07 | 66 | Technology | |
| AppLovin Corporation | -0.11 | -0.09 | -0.02 | 59 | Technology |
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