Looking to diversify beyond AFGR? The ETFs below have the lowest correlation with AFGR — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from AFGR.
Best Diversifiers for AFGR
1 ETFs have low correlation with AFGR (below 0.3), 1 of which are negatively correlated. The least correlated is First Trust Morningstar Dividend Leaders Index Fund (FDL) (Large Cap Value Equities) with a 1Y correlation of -0.11, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Morningstar Dividend Leaders Index Fun... | -0.11 | 0.13 | 0.30 | 84 | Large Cap Value Equities, Dividend | AFGR vs FDL | |
| iShares Core Dividend Growth ETF | 0.42 | 0.50 | 0.62 | 82 | Large Cap Growth Equities, Dividend | AFGR vs DGRO | |
| WisdomTree US LargeCap Dividend ETF | 0.50 | 0.57 | 0.63 | 84 | Large Cap Growth Equities, Dividend | AFGR vs DLN | |
| First Trust NASDAQ Clean Edge Green Energy Index F... | 0.54 | 0.56 | 0.67 | 83 | Alternative Energy Equities | AFGR vs QCLN | |
| First Trust Nasdaq Semiconductor ETF | 0.55 | 0.69 | 0.74 | 97 | Semiconductors, Technology Equities | AFGR vs FTXL |
See all 25 diversifiers for AFGR
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Diversification Analysis
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