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 State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.46, down from 0.57 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.46 | 0.52 | 0.57 | 70 | S&P 500 | AFRM vs SPY | |
| Vanguard S&P 500 ETF | 0.46 | 0.52 | 0.57 | 70 | S&P 500 | AFRM vs VOO | |
| Invesco QQQ ETF | 0.47 | 0.48 | 0.57 | 73 | Nasdaq-100 | AFRM vs QQQ |
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 0.02, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ZIM Integrated Shipping Services Ltd. | 0.02 | 0.14 | 0.22 | 72 | Industrials | |
| YPF Sociedad Anónima | 0.08 | 0.17 | 0.18 | 71 | Energy | |
| Insmed Incorporated | 0.14 | 0.27 | 0.37 | 62 | Healthcare | |
| Albemarle Corporation | 0.14 | 0.29 | 0.38 | 93 | Basic Materials | |
| Sandisk Corp | 0.16 | 0.20 | 0.20 | 100 | Technology |
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