Looking to balance out your exposure to AFG? The ETFs below have the lowest correlation with AFG — they tend to move on their own, which can help reduce risk when AFG drops. The stock ideas table highlights individual companies that behave independently from AFG.
Best Diversifiers for AFG
2 ETFs have low correlation with AFG (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.00, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.00 | 0.10 | 0.23 | 73 | Nasdaq-100 | AFG vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.15 | 0.26 | 0.40 | 70 | S&P 500 | AFG vs SPY | |
| Schwab U.S. Dividend Equity ETF | 0.44 | 0.50 | 0.58 | 80 | Dividend | AFG vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AFG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AFG and solid risk/return profiles. The least correlated is Advantest Corp DRC (ATEYY) (Technology) with a 1Y correlation of -0.04, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Advantest Corp DRC | -0.04 | 0.03 | 0.11 | 94 | Technology | |
| Elbit Systems Ltd | 0.04 | 0.10 | 0.16 | 88 | Industrials | |
| TechnipFMC plc | 0.10 | 0.19 | 0.28 | 96 | Energy | |
| UnitedHealth Group Incorporated | 0.16 | 0.16 | 0.26 | 61 | Healthcare | |
| The Toronto-Dominion Bank | 0.22 | 0.31 | 0.42 | 97 | Financial Services |
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