Looking to diversify beyond AOM? The ETFs below have the lowest correlation with AOM — 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 AOM.
Best Diversifiers for AOM
204 ETFs have low correlation with AOM (below 0.3), 73 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.49, roughly unchanged from -0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.49 | -0.45 | -0.48 | 51 | Currency | AOM vs UUP | |
| ProShares Short Bitcoin ETF | -0.41 | -0.31 | -0.33 | 57 | Cryptocurrency | AOM vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.41 | -0.37 | -0.37 | 52 | Cryptocurrency, Leveraged Cryptocurrency | AOM vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.41 | — | — | 60 | Inverse Equities | AOM vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.41 | — | — | 68 | Inverse Equities, Leveraged Equities | AOM vs MSTZ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AOM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AOM and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.20, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.20 | 0.02 | 0.15 | 66 | Energy | |
| Chevron Corporation | -0.19 | 0.04 | 0.17 | 70 | Energy | |
| Occidental Petroleum Corporation | -0.18 | 0.06 | 0.16 | 62 | Energy | |
| Exxon Mobil Corporation | -0.18 | 0.02 | 0.13 | 75 | Energy | |
| Waste Management, Inc. | -0.18 | 0.09 | 0.24 | 53 | Industrials |
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