Looking to balance out your exposure to AGO? The ETFs below have the lowest correlation with AGO — they tend to move on their own, which can help reduce risk when AGO drops. The stock ideas table highlights individual companies that behave independently from AGO.
Best Diversifiers for AGO
6 ETFs have low correlation with AGO (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco NASDAQ 100 ETF (QQQM) (Nasdaq-100) with a 1Y correlation of 0.11, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco NASDAQ 100 ETF | 0.11 | 0.20 | 0.32 | 74 | Nasdaq-100 | AGO vs QQQM | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.11 | 0.20 | — | 74 | Nasdaq-100, Derivative Income | AGO vs JEPQ | |
| ProShares UltraPro QQQ | 0.11 | 0.20 | 0.32 | 71 | Leveraged Equities | AGO vs TQQQ | |
| Vanguard S&P 500 ETF | 0.24 | 0.32 | 0.45 | 70 | S&P 500 | AGO vs VOO | |
| NEOS S&P 500 High Income ETF | 0.24 | 0.31 | 0.36 | 71 | Derivative Income, S&P 500 | AGO vs SPYI |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AGO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AGO and solid risk/return profiles. The least correlated is Suncor Energy Inc. (SU) (Energy) with a 1Y correlation of -0.10, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Suncor Energy Inc. | -0.10 | 0.09 | 0.25 | 95 | Energy | |
| NVIDIA Corporation | -0.03 | 0.10 | 0.22 | 78 | Technology | |
| Tenaris S.A. | 0.02 | 0.18 | 0.31 | 94 | Energy | |
| Alpha Metallurgical Resources, Inc. | 0.03 | 0.15 | 0.24 | 78 | Basic Materials | |
| USA Compression Partners, LP | 0.11 | 0.20 | 0.29 | 60 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements AGO
Add AGO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with AGO