Looking to balance out your exposure to APD? The ETFs below have the lowest correlation with APD — they tend to move on their own, which can help reduce risk when APD drops. The stock ideas table highlights individual companies that behave independently from APD.
Best Diversifiers for APD
6 ETFs have low correlation with APD (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) (Nasdaq-100) with a 1Y correlation of 0.10, down from 0.25 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Nasdaq Equity Premium Income ETF | 0.10 | 0.25 | — | 64 | Nasdaq-100, Derivative Income | APD vs JEPQ | |
| State Street SPDR S&P 500 ETF | 0.19 | 0.36 | 0.47 | 60 | S&P 500 | APD vs SPY | |
| iShares Core S&P 500 ETF | 0.20 | 0.38 | 0.51 | 60 | S&P 500 | APD vs IVV | |
| Vanguard S&P 500 ETF | 0.20 | 0.38 | 0.51 | 60 | S&P 500 | APD vs VOO | |
| Vanguard Total Stock Market ETF | 0.22 | 0.39 | 0.52 | 60 | Large Cap Blend Equities | APD vs VTI |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from APD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to APD and solid risk/return profiles. The least correlated is Monster Beverage Corporation (MNST) (Consumer Defensive) with a 1Y correlation of -0.03, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Monster Beverage Corporation | -0.03 | 0.16 | 0.29 | 86 | Consumer Defensive | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.03 | 0.13 | 0.23 | 93 | Technology | |
| Pampa Energía S.A. | -0.02 | 0.11 | 0.19 | 50 | Utilities | |
| Broadcom Inc. | -0.01 | 0.12 | 0.26 | 71 | Technology | |
| Bancolombia S.A. | -0.00 | 0.12 | 0.19 | 89 | Financial Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements APD
Add APD to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with APD