Looking to balance out your exposure to AON? The ETFs below have the lowest correlation with AON — they tend to move on their own, which can help reduce risk when AON drops. The stock ideas table highlights individual companies that behave independently from AON.
Best Diversifiers for AON
8 ETFs have low correlation with AON (below 0.3), 6 of which are negatively correlated. The least correlated is iShares MSCI All Country Asia ex-Japan ETF (AAXJ) (Asia Pacific Equities) 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 | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI All Country Asia ex-Japan ETF | -0.20 | -0.01 | 0.15 | 84 | Asia Pacific Equities | AON vs AAXJ | |
| Invesco QQQ ETF | -0.16 | 0.06 | 0.28 | 73 | Nasdaq-100 | AON vs QQQ | |
| iShares Core MSCI Total International Stock ETF | -0.09 | 0.10 | 0.28 | 60 | Foreign Large Cap Equities | AON vs IXUS | |
| Vanguard S&P 500 ETF | -0.04 | 0.18 | 0.39 | 70 | S&P 500 | AON vs VOO | |
| State Street SPDR S&P 500 ETF | -0.03 | 0.18 | 0.39 | 70 | S&P 500 | AON vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AON, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AON and solid risk/return profiles. The least correlated is KLA Corporation (KLAC) (Technology) with a 1Y correlation of -0.28, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| KLA Corporation | -0.28 | -0.04 | 0.16 | 95 | Technology | |
| Broadcom Inc. | -0.28 | -0.03 | 0.15 | 84 | Technology | |
| ASML Holding N.V. | -0.28 | -0.05 | 0.17 | 94 | Technology | |
| STMicroelectronics N.V. | -0.25 | -0.02 | 0.16 | 94 | Technology | |
| NVIDIA Corporation | -0.24 | -0.07 | 0.13 | 78 | Technology |
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Build a portfolio that complements AON
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