Looking to balance out your exposure to AGNCP? The ETFs below have the lowest correlation with AGNCP — they tend to move on their own, which can help reduce risk when AGNCP drops. The stock ideas table highlights individual companies that behave independently from AGNCP.
Best Diversifiers for AGNCP
10 ETFs have low correlation with AGNCP (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) (Inflation-Protected Bonds) with a 1Y correlation of 0.04, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | 0.04 | 0.09 | 0.12 | 93 | Inflation-Protected Bonds | AGNCP vs VTIP | |
| Harbor Commodity All-Weather Strategy ETF | 0.05 | 0.07 | — | 77 | Commodities | AGNCP vs HGER | |
| Vanguard Short-Term Corporate Bond ETF | 0.18 | 0.19 | 0.22 | 74 | Corporate Bonds | AGNCP vs VCSH | |
| iShares Flexible Income Active ETF | 0.20 | 0.23 | — | 67 | Multisector Bonds | AGNCP vs BINC | |
| Vanguard Emerging Markets Government Bond ETF | 0.23 | 0.22 | 0.28 | 61 | Emerging Markets Bonds | AGNCP vs VWOB |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AGNCP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AGNCP and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.07, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.07 | 0.05 | 0.07 | 56 | Communication Services | |
| Enterprise Products Partners L.P. | -0.04 | 0.06 | 0.13 | 88 | Energy | |
| Prologis, Inc. | 0.26 | 0.21 | 0.24 | 86 | Real Estate | |
| Amazon.com, Inc | 0.27 | 0.17 | 0.24 | 62 | Consumer Cyclical |
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