Looking to balance out your exposure to APA? The ETFs below have historically moved differently from APA, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for APA
2 ETFs have low correlation with APA (below 0.3), 2 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of -0.21, down from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | -0.21 | 0.07 | 0.26 | 72 | S&P 500 | APA vs VOO | |
| State Street SPDR S&P 500 ETF | -0.20 | 0.07 | 0.26 | 71 | S&P 500 | APA vs SPY | |
| State Street Energy Select Sector SPDR ETF | 0.80 | 0.79 | 0.83 | 61 | Energy Equities | APA vs XLE |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for APA, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Delta Air Lines, Inc. (DAL) (Industrials) with a 1Y correlation of -0.28, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Delta Air Lines, Inc. | -0.28 | -0.02 | 0.14 | 89 | Industrials | |
| United Airlines Holdings, Inc. | -0.28 | -0.04 | 0.12 | 74 | Industrials | |
| AerCap Holdings N.V. | -0.21 | 0.02 | 0.24 | 85 | Industrials | |
| ASML Holding N.V. | -0.20 | -0.02 | 0.13 | 96 | Technology | |
| Amazon.com, Inc | -0.19 | -0.02 | 0.10 | 68 | Consumer Cyclical |
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