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
11 ETFs have low correlation with AGNCN (below 0.3), 0 of which are negatively correlated. The least correlated is Global X MLP & Energy Infrastructure ETF (MLPX) (MLPs) with a 1Y correlation of 0.00, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X MLP & Energy Infrastructure ETF | 0.00 | 0.04 | 0.16 | 72 | MLPs | AGNCN vs MLPX | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.02 | 0.12 | 0.12 | 91 | Inflation-Protected Bonds | AGNCN vs VTIP | |
| Panagram BBB-B CLO ETF | 0.13 | 0.06 | — | 57 | CLO | AGNCN vs CLOZ | |
| Janus Henderson AAA CLO ETF | 0.14 | 0.10 | 0.09 | 99 | CLO | AGNCN vs JAAA | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.16 | 0.11 | — | 65 | Nasdaq-100, Derivative Income | AGNCN vs JEPQ |
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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 Antero Midstream Corporation (AM) (Energy) with a 1Y correlation of -0.02, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Antero Midstream Corporation | -0.02 | 0.03 | 0.14 | 85 | Energy | |
| Enterprise Products Partners L.P. | 0.01 | 0.08 | 0.13 | 87 | Energy | |
| Energy Transfer LP | 0.05 | 0.11 | 0.17 | 84 | Energy | |
| Hess Midstream LP | 0.09 | 0.07 | 0.12 | 56 | Energy | |
| Western Midstream Partners, LP | 0.09 | 0.08 | 0.16 | 80 | Energy |
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Build a portfolio that complements AGNCN
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