Looking to balance out your exposure to AFL? The ETFs below have the lowest correlation with AFL — they tend to move on their own, which can help reduce risk when AFL drops. The stock ideas table highlights individual companies that behave independently from AFL.
Best Diversifiers for AFL
11 ETFs have low correlation with AFL (below 0.3), 4 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of -0.14, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | -0.14 | 0.04 | 0.23 | 76 | Technology Equities | AFL vs VGT | |
| Invesco QQQ ETF | -0.08 | 0.09 | 0.25 | 73 | Nasdaq-100 | AFL vs QQQ | |
| JPMorgan Nasdaq Equity Premium Income ETF | -0.07 | 0.10 | — | 74 | Nasdaq-100, Derivative Income | AFL vs JEPQ | |
| First Trust Developed Markets ex-US AlphaDEX Fund | -0.01 | 0.22 | 0.38 | 84 | Foreign Large Cap Equities | AFL vs FDT | |
| iShares Core S&P 500 ETF | 0.04 | 0.23 | 0.39 | 70 | S&P 500 | AFL vs IVV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AFL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AFL and solid risk/return profiles. The least correlated is Taiwan Semiconductor Manufacturing Company Limited (TSM) (Technology) with a 1Y correlation of -0.24, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited | -0.24 | -0.06 | 0.10 | 95 | Technology | |
| NVIDIA Corporation | -0.22 | -0.06 | 0.12 | 78 | Technology | |
| Advanced Micro Devices, Inc. | -0.20 | 0.01 | 0.13 | 98 | Technology | |
| Amazon.com, Inc | -0.14 | -0.01 | 0.10 | 60 | Consumer Cyclical | |
| Teradyne, Inc. | -0.12 | 0.04 | 0.19 | 98 | Technology |
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