Looking to balance out your exposure to AFRM? The ETFs below have the lowest correlation with AFRM — they tend to move on their own, which can help reduce risk when AFRM drops. The stock ideas table highlights individual companies that behave independently from AFRM.
Best Diversifiers for AFRM
0 ETFs have low correlation with AFRM (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.49, roughly unchanged from 0.58 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.49 | 0.49 | 0.58 | 59 | Nasdaq-100 | AFRM vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.50 | 0.53 | 0.58 | 60 | S&P 500 | AFRM vs SPY | |
| Vanguard S&P 500 ETF | 0.50 | 0.52 | 0.58 | 60 | S&P 500 | AFRM vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AFRM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AFRM and solid risk/return profiles. The least correlated is ZIM Integrated Shipping Services Ltd. (ZIM) (Industrials) with a 1Y correlation of 0.01, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ZIM Integrated Shipping Services Ltd. | 0.01 | 0.13 | 0.22 | 81 | Industrials | |
| Ascendis Pharma A/S | 0.07 | 0.20 | 0.29 | 71 | Healthcare | |
| YPF Sociedad Anónima | 0.08 | 0.17 | 0.18 | 64 | Energy | |
| Agnico Eagle Mines Limited | 0.11 | 0.13 | 0.11 | 60 | Basic Materials | |
| AngloGold Ashanti Limited | 0.13 | 0.13 | 0.11 | 77 | Basic Materials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements AFRM
Add AFRM to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with AFRM