Looking to balance out your exposure to AGYS? The ETFs below have the lowest correlation with AGYS — they tend to move on their own, which can help reduce risk when AGYS drops. The stock ideas table highlights individual companies that behave independently from AGYS.
Best Diversifiers for AGYS
4 ETFs have low correlation with AGYS (below 0.3), 1 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of -0.05, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | -0.05 | 0.19 | 0.30 | 90 | Semiconductors, Technology Equities | AGYS vs SMH | |
| Invesco QQQ ETF | 0.12 | 0.30 | 0.38 | 53 | Nasdaq-100 | AGYS vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.17 | 0.36 | 0.42 | 65 | S&P 500 | AGYS vs SPY | |
| Vanguard S&P 500 ETF | 0.18 | 0.36 | 0.42 | 66 | S&P 500 | AGYS vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AGYS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AGYS and solid risk/return profiles. The least correlated is Marvell Technology, Inc. (MRVL) (Technology) with a 1Y correlation of -0.09, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Marvell Technology, Inc. | -0.09 | 0.18 | 0.26 | 91 | Technology | |
| Applied Materials, Inc. | -0.08 | 0.15 | 0.24 | 96 | Technology | |
| Walmart Inc. | -0.07 | 0.06 | 0.08 | 69 | Consumer Defensive | |
| Monolithic Power Systems, Inc. | -0.06 | 0.21 | 0.30 | 85 | Technology | |
| ASML Holding N.V. | -0.06 | 0.17 | 0.26 | 96 | Technology |
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