Looking to diversify beyond AGQ? The ETFs below have historically moved differently from AGQ, 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 AGQ
949 ETFs have low correlation with AGQ (below 0.3), 29 of which are negatively correlated. The least correlated is YieldMax MSTR Short Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.26, roughly unchanged from -0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.26 | -0.22 | -0.22 | 63 | Derivative Income | AGQ vs WNTR | |
| Invesco DB Energy Fund | -0.13 | 0.07 | 0.13 | 53 | Oil & Gas | AGQ vs DBE | |
| ProShares UltraShort Yen | -0.13 | -0.16 | -0.26 | 59 | Leveraged Currency | AGQ vs YCS | |
| United States Gasoline Fund, LP | -0.10 | 0.06 | 0.11 | 74 | Oil & Gas | AGQ vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.10 | -0.08 | -0.08 | 97 | Inflation-Protected Bonds | AGQ vs RBIL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AGQ, 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 Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.11, down from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.11 | -0.04 | -0.01 | 86 | Financial Services | |
| Altria Group, Inc. | -0.10 | -0.03 | 0.03 | 64 | Consumer Defensive | |
| The Coca-Cola Company | -0.09 | -0.02 | 0.05 | 86 | Consumer Defensive | |
| Enterprise Products Partners L.P. | -0.08 | 0.05 | 0.14 | 88 | Energy | |
| Devon Energy Corporation | -0.05 | 0.09 | 0.14 | 76 | Energy |
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