Looking to balance out your exposure to AFL? The ETFs below have historically moved differently from AFL, 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 AFL
19 ETFs have low correlation with AFL (below 0.3), 14 of which are negatively correlated. The least correlated is iShares Semiconductor ETF (SOXX) (Semiconductors) with a 1Y correlation of -0.29, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Semiconductor ETF | -0.29 | -0.04 | 0.15 | 90 | Semiconductors, Technology Equities | AFL vs SOXX | |
| Vanguard Information Technology ETF | -0.27 | -0.01 | 0.20 | 60 | Technology Equities | AFL vs VGT | |
| Invesco QQQ ETF | -0.25 | 0.02 | 0.22 | 58 | Nasdaq-100 | AFL vs QQQ | |
| Invesco Large Cap Growth ETF | -0.23 | 0.09 | 0.29 | 61 | Large Cap Growth Equities | AFL vs PWB | |
| JPMorgan Nasdaq Equity Premium Income ETF | -0.22 | 0.04 | — | 66 | Nasdaq-100, Derivative Income | AFL vs JEPQ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AFL, 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 Taiwan Semiconductor Manufacturing Company Limited (TSM) (Technology) with a 1Y correlation of -0.33, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited | -0.33 | -0.11 | 0.07 | 88 | Technology | |
| NVIDIA Corporation | -0.30 | -0.09 | 0.10 | 61 | Technology | |
| Advanced Micro Devices, Inc. | -0.28 | -0.02 | 0.09 | 94 | Technology | |
| Amphenol Corporation | -0.24 | 0.05 | 0.22 | 79 | Technology | |
| Teradyne, Inc. | -0.23 | -0.02 | 0.15 | 96 | Technology |
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