Looking to diversify beyond AOA? The ETFs below have historically moved differently from AOA, 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 AOA
310 ETFs have low correlation with AOA (below 0.3), 79 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.50, down from -0.38 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.50 | -0.38 | — | 51 | Cryptocurrency | AOA vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.46 | — | — | 69 | Derivative Income | AOA vs WNTR | |
| Invesco DB Energy Fund | -0.32 | -0.09 | 0.08 | 66 | Oil & Gas | AOA vs DBE | |
| ProShares UltraShort Yen | -0.27 | -0.15 | -0.14 | 59 | Leveraged Currency | AOA vs YCS | |
| Invesco DB Oil Fund | -0.27 | -0.06 | 0.09 | 51 | Oil & Gas | AOA vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AOA, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.25, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.25 | 0.01 | 0.14 | 66 | Consumer Defensive | |
| Chevron Corporation | -0.21 | 0.07 | 0.23 | 79 | Energy | |
| Exxon Mobil Corporation | -0.21 | 0.05 | 0.20 | 85 | Energy | |
| The Coca-Cola Company | -0.19 | 0.05 | 0.23 | 87 | Consumer Defensive | |
| ConocoPhillips Company | -0.19 | 0.05 | 0.19 | 73 | Energy |
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