Looking to balance out your exposure to AGM? The ETFs below have the lowest correlation with AGM — they tend to move on their own, which can help reduce risk when AGM drops. The stock ideas table highlights individual companies that behave independently from AGM.
Best Diversifiers for AGM
4 ETFs have low correlation with AGM (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Semiconductor ETF (SOXX) (Semiconductors) with a 1Y correlation of 0.16, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Semiconductor ETF | 0.16 | 0.29 | 0.34 | 96 | Semiconductors, Technology Equities | AGM vs SOXX | |
| Schwab U.S. Dividend Equity ETF | 0.26 | 0.46 | 0.55 | 85 | Dividend | AGM vs SCHD | |
| Vanguard International High Dividend Yield ETF | 0.29 | 0.41 | 0.48 | 70 | Dividend, Foreign Large Cap Equities | AGM vs VYMI | |
| iShares S&P 500 BuyWrite ETF | 0.30 | — | — | 85 | Derivative Income, S&P 500 | AGM vs IVVW | |
| Vanguard S&P 500 ETF | 0.34 | 0.44 | 0.49 | 74 | S&P 500 | AGM vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AGM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AGM and solid risk/return profiles. The least correlated is The Williams Companies, Inc. (WMB) (Energy) with a 1Y correlation of -0.10, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Williams Companies, Inc. | -0.10 | 0.17 | 0.28 | 71 | Energy | |
| Chevron Corporation | -0.08 | 0.13 | 0.24 | 84 | Energy | |
| Exxon Mobil Corporation | -0.04 | 0.12 | 0.23 | 86 | Energy | |
| The Hershey Company | -0.02 | 0.03 | 0.11 | 58 | Consumer Defensive | |
| Transportadora de Gas del Sur S.A. | 0.05 | 0.10 | 0.15 | 51 | Energy |
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Build a portfolio that complements AGM
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