Looking to balance out your exposure to AGNCM? The ETFs below have the lowest correlation with AGNCM — they tend to move on their own, which can help reduce risk when AGNCM drops. The stock ideas table highlights individual companies that behave independently from AGNCM.
Best Diversifiers for AGNCM
12 ETFs have low correlation with AGNCM (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of 0.10, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | 0.10 | 0.08 | 0.18 | 61 | Technology Equities | AGNCM vs XLK | |
| Vanguard Short-Term Treasury ETF | 0.11 | 0.12 | 0.13 | 91 | Government Bonds, Short-Term Bond | AGNCM vs VGSH | |
| Vanguard Short-Term Corporate Bond ETF | 0.12 | 0.19 | 0.22 | 83 | Corporate Bonds | AGNCM vs VCSH | |
| Janus Henderson AAA CLO ETF | 0.14 | 0.13 | 0.11 | 99 | CLO | AGNCM vs JAAA | |
| JPMorgan Ultra-Short Income ETF | 0.16 | 0.19 | 0.13 | 99 | Ultrashort Bond | AGNCM vs JPST |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AGNCM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AGNCM and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of 0.00, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | 0.00 | 0.10 | 0.10 | 59 | Communication Services | |
| Broadcom Inc. | 0.03 | 0.02 | 0.10 | 71 | Technology | |
| Tanger Factory Outlet Centers, Inc. | 0.05 | 0.12 | 0.16 | 85 | Real Estate | |
| Kinder Morgan, Inc. | 0.07 | 0.12 | 0.16 | 77 | Energy | |
| Physicians Realty Trust | 0.08 | 0.14 | 0.18 | 74 | Real Estate |
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