Looking to balance out your exposure to AGNCP? The ETFs below have historically moved differently from AGNCP, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for AGNCP
8 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 0.05, roughly unchanged from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | 0.05 | 0.10 | 0.13 | 83 | Inflation-Protected Bonds | AGNCP vs VTIP | |
| Harbor Commodity All-Weather Strategy ETF | 0.09 | 0.06 | — | 77 | Commodities | AGNCP vs HGER | |
| Vanguard Short-Term Corporate Bond ETF | 0.15 | 0.19 | 0.22 | 68 | Corporate Bonds | AGNCP vs VCSH | |
| iShares Flexible Income Active ETF | 0.18 | 0.23 | — | 63 | Multisector Bonds | AGNCP vs BINC | |
| State Street Technology Select Sector SPDR ETF | 0.22 | 0.15 | 0.22 | 61 | Technology Equities | AGNCP vs XLK |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AGNCP, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Enterprise Products Partners L.P. (EPD) (Energy) with a 1Y correlation of -0.07, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | -0.07 | 0.05 | 0.12 | 88 | Energy | |
| Verizon Communications Inc. | -0.01 | 0.04 | 0.07 | 63 | Communication Services | |
| Visa Inc. | 0.05 | 0.10 | 0.20 | 54 | Financial Services | |
| NextEra Energy, Inc. | 0.08 | 0.08 | 0.15 | 77 | Utilities | |
| AGNC Investment Corp. | 0.26 | 0.20 | 0.24 | 75 | Real Estate |
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