Looking to balance out your exposure to AGNCN? The ETFs below have the lowest correlation with AGNCN — they tend to move on their own, which can help reduce risk when AGNCN drops. The stock ideas table highlights individual companies that behave independently from AGNCN.
Best Diversifiers for AGNCN
3 ETFs have low correlation with AGNCN (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) (Nasdaq-100) with a 1Y correlation of 0.22, up from 0.11 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Nasdaq Equity Premium Income ETF | 0.22 | 0.11 | — | 74 | Nasdaq-100, Derivative Income | AGNCN vs JEPQ | |
| Saba Closed-End Funds ETF | 0.26 | 0.17 | 0.24 | 80 | Event Driven | AGNCN vs CEFS | |
| Vanguard S&P 500 ETF | 0.28 | 0.18 | 0.25 | 70 | S&P 500 | AGNCN vs VOO | |
| Virtus InfraCap U.S. Preferred Stock ETF | 0.35 | 0.33 | 0.37 | 56 | Preferred Stock/Convertible Bonds | AGNCN vs PFFA |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AGNCN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AGNCN and solid risk/return profiles. The least correlated is AGNC Investment Corp. (AGNCM) (Real Estate) with a 1Y correlation of 0.25, roughly unchanged from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AGNC Investment Corp. | 0.25 | 0.30 | 0.35 | 87 | Real Estate | |
| AGNC Investment Corp. | 0.27 | 0.20 | 0.24 | 76 | Real Estate |
Build a portfolio that complements AGNCN
Add AGNCN to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with AGNCN