Looking to diversify beyond AOK? The ETFs below have the lowest correlation with AOK — 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 AOK.
Best Diversifiers for AOK
179 ETFs have low correlation with AOK (below 0.3), 57 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.38, roughly unchanged from -0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.38 | -0.39 | -0.39 | 53 | Inverse Equities | AOK vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.38 | -0.38 | -0.38 | 60 | Inverse Equities, Leveraged Equities | AOK vs MSTZ | |
| ProShares UltraShort Yen | -0.37 | -0.32 | -0.33 | 75 | Leveraged Currency | AOK vs YCS | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.36 | — | — | 65 | Derivative Income | AOK vs WNTR | |
| United States Gasoline Fund LP | -0.34 | -0.13 | -0.02 | 72 | Oil & Gas | AOK vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AOK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AOK and solid risk/return profiles. The least correlated is Lumentum Holdings Inc. (LITE) (Technology) with a 1Y correlation of 0.27, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lumentum Holdings Inc. | 0.27 | 0.37 | 0.41 | 99 | Technology | |
| USA Rare Earth, Inc | 0.28 | — | — | 67 | Basic Materials | |
| Starbucks Corporation | 0.29 | 0.31 | 0.42 | 60 | Consumer Cyclical | |
| NVIDIA Corporation | 0.37 | 0.41 | 0.49 | 69 | Technology | |
| Intel Corporation | 0.37 | 0.37 | 0.43 | 98 | Technology |
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