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), 9 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.
| 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 | -0.08 | -0.15 | -0.02 | 90 | Semiconductors, Technology Equities | AEP vs SMH | |
| Invesco S&P 500 Momentum ETF | -0.06 | -0.04 | 0.13 | 51 | Momentum, S&P 500 | AEP vs SPMO | |
| Vanguard S&P 500 ETF | -0.03 | 0.05 | 0.20 | 66 | S&P 500 | AEP vs VOO |
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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 AppLovin Corporation (APP) (Communication Services) with a 1Y correlation of -0.17, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AppLovin Corporation | -0.17 | -0.10 | -0.02 | 56 | Communication Services | |
| QUALCOMM Incorporated | -0.16 | -0.11 | 0.01 | 54 | Technology | |
| Broadcom Inc. | -0.14 | -0.17 | -0.01 | 67 | Technology | |
| Fortinet, Inc. | -0.14 | -0.04 | 0.06 | 76 | Technology | |
| NVIDIA Corporation | -0.14 | -0.20 | -0.06 | 63 | Technology |
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Build a portfolio that complements AEP
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