Looking to balance out your exposure to AGX? The ETFs below have historically moved differently from AGX, 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 AGX
9 ETFs have low correlation with AGX (below 0.3), 4 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.16, down from -0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.16 | -0.04 | -0.00 | 100 | Ultrashort Bond | AGX vs SGOV | |
| iShares 0-1 Year Treasury Bond ETF | -0.13 | -0.02 | 0.03 | 100 | Government Bonds, Ultrashort Bond | AGX vs SHV | |
| WisdomTree Floating Rate Treasury Fund | -0.03 | 0.02 | 0.04 | 100 | Government Bonds, Ultrashort Bond | AGX vs USFR | |
| Schwab U.S. Dividend Equity ETF | -0.02 | 0.14 | 0.28 | 95 | Dividend | AGX vs SCHD | |
| PGIM Ultra Short Bond ETF | 0.04 | 0.03 | 0.06 | 99 | Ultrashort Bond | AGX vs PULS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AGX, 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 The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.21, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.21 | -0.09 | 0.04 | 90 | Consumer Defensive | |
| Strategic Education, Inc. | -0.20 | 0.04 | 0.16 | 59 | Consumer Defensive | |
| PepsiCo, Inc. | -0.19 | -0.12 | -0.00 | 50 | Consumer Defensive | |
| Radian Group Inc. | -0.14 | 0.09 | 0.19 | 73 | Financial Services | |
| Walmart Inc. | -0.13 | 0.02 | 0.09 | 62 | Consumer Defensive |
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