Looking to balance out your exposure to AGL? The ETFs below have the lowest correlation with AGL — they tend to move on their own, which can help reduce risk when AGL drops. The stock ideas table highlights individual companies that behave independently from AGL.
Best Diversifiers for AGL
0 ETFs have low correlation with AGL (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.31, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.31 | 0.14 | 0.26 | 73 | Nasdaq-100 | AGL vs QQQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AGL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AGL and solid risk/return profiles. The least correlated is TMC the metals company Inc. (TMC) (Basic Materials) with a 1Y correlation of 0.14, roughly unchanged from 0.11 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| TMC the metals company Inc. | 0.14 | 0.11 | — | 57 | Basic Materials | |
| The Oncology Institute, Inc. | 0.36 | 0.13 | — | 55 | Healthcare |
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