Looking to balance out your exposure to APAM? The ETFs below have the lowest correlation with APAM — they tend to move on their own, which can help reduce risk when APAM drops. The stock ideas table highlights individual companies that behave independently from APAM.
Best Diversifiers for APAM
2 ETFs have low correlation with APAM (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.27, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.27 | 0.36 | 0.46 | 90 | Semiconductors, Technology Equities | APAM vs SMH | |
| iShares MSCI Japan Small Cap ETF | 0.28 | 0.36 | 0.42 | 66 | Japan Equities, Asia Pacific Equities | APAM vs SCJ | |
| Vanguard Information Technology ETF | 0.33 | 0.42 | 0.52 | 50 | Technology Equities | APAM vs VGT | |
| State Street Blackstone Senior Loan ETF | 0.35 | 0.44 | 0.49 | 53 | Bank Loan, High Yield Bonds | APAM vs SRLN | |
| Fidelity Nasdaq Composite Index ETF | 0.38 | 0.46 | 0.56 | 51 | Large Cap Growth Equities | APAM vs ONEQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from APAM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to APAM and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.13, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.13 | 0.06 | 0.16 | 80 | Consumer Defensive | |
| Enterprise Products Partners L.P. | -0.04 | 0.22 | 0.29 | 87 | Energy | |
| Johnson & Johnson | -0.01 | 0.11 | 0.17 | 96 | Healthcare | |
| Nutrien Ltd. | 0.00 | 0.24 | 0.27 | 61 | Basic Materials | |
| Golar LNG Limited | 0.00 | 0.18 | 0.25 | 69 | Energy |
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Build a portfolio that complements APAM
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