Looking to balance out your exposure to AP? The ETFs below have the lowest correlation with AP — they tend to move on their own, which can help reduce risk when AP drops. The stock ideas table highlights individual companies that behave independently from AP.
Best Diversifiers for AP
0 ETFs have low correlation with AP (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco PHLX Semiconductor ETF (SOXQ) (Semiconductors) with a 1Y correlation of 0.32, up from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco PHLX Semiconductor ETF | 0.32 | 0.23 | 0.20 | 95 | Semiconductors, Technology Equities | AP vs SOXQ | |
| Vanguard S&P 500 ETF | 0.39 | 0.29 | 0.26 | 60 | S&P 500 | AP vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AP and solid risk/return profiles. The least correlated is Monster Beverage Corporation (MNST) (Consumer Defensive) with a 1Y correlation of 0.05, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Monster Beverage Corporation | 0.05 | 0.11 | 0.11 | 86 | Consumer Defensive | |
| Century Aluminum Company | 0.16 | 0.14 | 0.14 | 91 | Basic Materials | |
| Globalstar, Inc. | 0.17 | 0.17 | 0.15 | 96 | Communication Services | |
| Carpenter Technology Corporation | 0.21 | 0.15 | 0.17 | 93 | Industrials | |
| Eaton Corporation plc | 0.24 | 0.22 | 0.20 | 60 | Industrials |
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