Looking to diversify beyond AOA? The ETFs below have the lowest correlation with AOA — 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 AOA.
Best Diversifiers for AOA
267 ETFs have low correlation with AOA (below 0.3), 67 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.47, roughly unchanged from -0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.47 | -0.37 | -0.39 | 53 | Cryptocurrency | AOA vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.47 | — | — | 56 | Inverse Equities | AOA vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.47 | — | — | 65 | Inverse Equities, Leveraged Equities | AOA vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.44 | — | — | 70 | Derivative Income | AOA vs WNTR | |
| Invesco DB Energy Fund | -0.31 | -0.08 | 0.09 | 57 | Oil & Gas | AOA vs DBE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AOA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AOA and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.22, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.22 | 0.02 | 0.15 | 78 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.17 | 0.07 | 0.22 | 76 | Energy | |
| Chevron Corporation | -0.16 | 0.09 | 0.25 | 73 | Energy | |
| The Coca-Cola Company | -0.16 | 0.07 | 0.24 | 82 | Consumer Defensive | |
| Duke Energy Corporation | -0.16 | 0.04 | 0.16 | 65 | Utilities |
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