Looking to diversify beyond AGZD? The ETFs below have historically moved differently from AGZD, 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 AGZD
2242 ETFs have low correlation with AGZD (below 0.3), 389 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Reckoner Leveraged AAA CLO ETF | -0.16 | — | — | 98 | CLO | AGZD vs RAAA | |
| FT Vest DJIA Dogs 10 Target Income ETF | -0.16 | -0.03 | -0.00 | 76 | Derivative Income | AGZD vs DOGG | |
| MicroSectors Energy 3X Leveraged ETN | -0.15 | -0.02 | — | 55 | Leveraged Equities | AGZD vs WTIU | |
| First Trust Nasdaq Oil & Gas ETF | -0.15 | -0.01 | 0.09 | 61 | Energy Equities | AGZD vs FTXN | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.15 | -0.06 | -0.00 | 58 | Commodities | AGZD vs COMT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AGZD, 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 Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of 0.18, roughly unchanged from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | 0.18 | 0.09 | 0.09 | 67 | Technology | |
| NVIDIA Corporation | 0.18 | 0.08 | 0.09 | 56 | Technology |
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