Looking to diversify beyond AGZD? The ETFs below have the lowest correlation with AGZD — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from AGZD.
Best Diversifiers for AGZD
2076 ETFs have low correlation with AGZD (below 0.3), 244 of which are negatively correlated. The least correlated is Alpha Architect High Inflation And Deflation ETF (HIDE) (Diversified Portfolio) with a 1Y correlation of -0.17, roughly unchanged from -0.09 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alpha Architect High Inflation And Deflation ETF | -0.17 | -0.09 | — | 60 | Diversified Portfolio | AGZD vs HIDE | |
| PGIM Ultra Short Municipal Bond ETF | -0.17 | — | — | 88 | Municipal Bonds | AGZD vs PUSH | |
| First Trust North American Energy Infrastructure F... | -0.16 | -0.01 | 0.08 | 65 | MLPs | AGZD vs EMLP | |
| FT Energy Income Partners Enhanced Income ETF | -0.16 | — | — | 67 | Derivative Income | AGZD vs EIPI | |
| iShares iBonds Oct 2029 Term TIPS ETF | -0.16 | — | — | 63 | Inflation-Protected Bonds | AGZD vs IBIF |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AGZD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AGZD and solid risk/return profiles. The least correlated is Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of 0.12, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | 0.12 | 0.09 | 0.09 | 75 | Technology | |
| NVIDIA Corporation | 0.15 | 0.07 | 0.09 | 76 | Technology |
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