Looking to balance out your exposure to APA? The ETFs below have the lowest correlation with APA — they tend to move on their own, which can help reduce risk when APA drops. The stock ideas table highlights individual companies that behave independently from APA.
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 -0.15, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | -0.15 | 0.10 | 0.29 | 74 | S&P 500 | APA vs VOO | |
| State Street SPDR S&P 500 ETF | -0.15 | 0.10 | 0.29 | 74 | S&P 500 | APA vs SPY | |
| United States Brent Oil Fund LP | 0.63 | 0.62 | 0.64 | 65 | Oil & Gas | APA vs BNO | |
| State Street Energy Select Sector SPDR ETF | 0.78 | 0.79 | 0.83 | 70 | Energy Equities | APA vs XLE |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from APA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to APA and solid risk/return profiles. The least correlated is ASML Holding N.V. (ASML) (Technology) with a 1Y correlation of -0.21, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ASML Holding N.V. | -0.21 | -0.01 | 0.14 | 94 | Technology | |
| NVIDIA Corporation | -0.17 | -0.03 | 0.12 | 80 | Technology | |
| AerCap Holdings N.V. | -0.14 | 0.07 | 0.27 | 65 | Industrials | |
| Amazon.com, Inc | -0.13 | 0.01 | 0.12 | 62 | Consumer Cyclical | |
| Kinross Gold Corporation | -0.13 | 0.05 | 0.16 | 81 | Basic Materials |
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