Looking to diversify beyond AGG? The ETFs below have the lowest correlation with AGG — 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 AGG.
Best Diversifiers for AGG
1125 ETFs have low correlation with AGG (below 0.3), 95 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.51, roughly unchanged from -0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.51 | -0.48 | -0.51 | 61 | Leveraged Currency | AGG vs YCS | |
| Invesco DB Energy Fund | -0.43 | -0.22 | -0.16 | 71 | Oil & Gas | AGG vs DBE | |
| Invesco DB Oil Fund | -0.43 | -0.21 | -0.16 | 65 | Oil & Gas | AGG vs DBO | |
| United States Gasoline Fund LP | -0.42 | -0.21 | -0.14 | 69 | Oil & Gas | AGG vs UGA | |
| ProShares Ultra Bloomberg Crude Oil | -0.42 | -0.21 | -0.15 | 54 | Leveraged Commodities | AGG vs UCO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AGG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AGG and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.27, down from -0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.27 | -0.11 | -0.12 | 76 | Energy | |
| Exxon Mobil Corporation | -0.23 | -0.07 | -0.09 | 85 | Energy | |
| Chevron Corporation | -0.22 | -0.08 | -0.09 | 83 | Energy | |
| BP p.l.c. | -0.21 | -0.07 | -0.10 | 87 | Energy | |
| Energy Transfer LP | -0.18 | -0.02 | -0.04 | 69 | Energy |
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Build a portfolio that complements AGG
Add AGG to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with AGG