Looking to balance out your exposure to AGRO? The ETFs below have the lowest correlation with AGRO — they tend to move on their own, which can help reduce risk when AGRO drops. The stock ideas table highlights individual companies that behave independently from AGRO.
Best Diversifiers for AGRO
4 ETFs have low correlation with AGRO (below 0.3), 2 of which are negatively correlated. The least correlated is iShares Semiconductor ETF (SOXX) (Semiconductors) with a 1Y correlation of -0.03, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Semiconductor ETF | -0.03 | 0.09 | 0.19 | 95 | Semiconductors, Technology Equities | AGRO vs SOXX | |
| State Street SPDR S&P 500 ETF | -0.02 | 0.14 | 0.25 | 60 | S&P 500 | AGRO vs SPY | |
| Nomura Focused Emerging Markets Equity ETF | 0.05 | 0.09 | 0.09 | 94 | Emerging Markets Diversified | AGRO vs EMEQ | |
| Franklin FTSE South Korea ETF | 0.05 | 0.16 | 0.23 | 93 | Asia Pacific Equities | AGRO vs FLKR | |
| SPDR S&P Oil & Gas Equipment & Services ETF | 0.32 | 0.27 | 0.37 | 80 | Energy Equities | AGRO vs XES |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AGRO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AGRO and solid risk/return profiles. The least correlated is Lam Research Corporation (LRCX) (Technology) with a 1Y correlation of -0.09, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lam Research Corporation | -0.09 | 0.05 | 0.15 | 98 | Technology | |
| Progyny, Inc. | -0.02 | 0.10 | 0.20 | 59 | Healthcare | |
| Banco Santander, S.A. | -0.01 | 0.12 | 0.22 | 86 | Financial Services | |
| AGCO Corporation | -0.01 | 0.14 | 0.27 | 55 | Industrials | |
| Scorpio Tankers Inc. | 0.00 | 0.05 | 0.18 | 92 | Energy |
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