Looking to balance out your exposure to AFG? The ETFs below have historically moved differently from AFG, 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 AFG
2 ETFs have low correlation with AFG (below 0.3), 2 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of -0.18, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | -0.18 | 0.06 | 0.21 | 54 | Nasdaq-100 | AFG vs QQQ | |
| State Street SPDR S&P 500 ETF | -0.03 | 0.23 | 0.37 | 71 | S&P 500 | AFG vs SPY | |
| Schwab U.S. Dividend Equity ETF | 0.36 | 0.49 | 0.56 | 94 | Dividend | AFG vs SCHD |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AFG, 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 Advantest Corp DRC (ATEYY) (Technology) with a 1Y correlation of -0.18, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Advantest Corp DRC | -0.18 | 0.00 | 0.08 | 94 | Technology | |
| Elbit Systems Ltd. | 0.03 | 0.08 | 0.14 | 85 | Industrials | |
| TechnipFMC plc | 0.07 | 0.16 | 0.25 | 96 | Energy | |
| The Toronto-Dominion Bank | 0.11 | 0.27 | 0.40 | 98 | Financial Services | |
| Lockheed Martin Corporation | 0.16 | 0.23 | 0.29 | 76 | Industrials |
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