Looking to balance out your exposure to AGX? The ETFs below have the lowest correlation with AGX — they tend to move on their own, which can help reduce risk when AGX drops. The stock ideas table highlights individual companies that behave independently from AGX.
Best Diversifiers for AGX
8 ETFs have low correlation with AGX (below 0.3), 2 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.15, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.15 | -0.03 | 0.01 | 100 | Ultrashort Bond | AGX vs SGOV | |
| iShares 0-1 Year Treasury Bond ETF | -0.14 | -0.03 | 0.03 | 100 | Government Bonds, Ultrashort Bond | AGX vs SHV | |
| SPDR Portfolio Short Term Corporate Bond ETF | 0.01 | 0.01 | 0.09 | 92 | Corporate Bonds | AGX vs SPSB | |
| WisdomTree Floating Rate Treasury Fund | 0.03 | 0.04 | 0.05 | 100 | Government Bonds, Ultrashort Bond | AGX vs USFR | |
| Schwab U.S. Dividend Equity ETF | 0.06 | 0.20 | 0.32 | 80 | Dividend | AGX vs SCHD |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AGX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AGX and solid risk/return profiles. The least correlated is PepsiCo, Inc. (PEP) (Consumer Defensive) with a 1Y correlation of -0.13, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| PepsiCo, Inc. | -0.13 | -0.09 | 0.02 | 56 | Consumer Defensive | |
| The Coca-Cola Company | -0.13 | -0.06 | 0.08 | 66 | Consumer Defensive | |
| Hachijuni Bank Ltd ADR | -0.08 | -0.06 | -0.02 | 83 | Financial Services | |
| Murphy USA Inc. | -0.08 | 0.05 | 0.12 | 62 | Consumer Cyclical | |
| The Hershey Company | -0.06 | -0.03 | 0.06 | 55 | Consumer Defensive |
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