Looking to balance out your exposure to APD? The ETFs below have historically moved differently from APD, 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 APD
9 ETFs have low correlation with APD (below 0.3), 1 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.08, roughly unchanged from -0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.08 | -0.02 | -0.00 | 100 | Government Bonds, Ultrashort Bond | APD vs BIL | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.07 | 0.23 | — | 60 | Nasdaq-100, Derivative Income | APD vs JEPQ | |
| Vanguard S&P 500 ETF | 0.13 | 0.35 | 0.49 | 72 | S&P 500 | APD vs VOO | |
| State Street SPDR S&P 500 ETF | 0.14 | 0.36 | 0.50 | 72 | S&P 500 | APD vs SPY | |
| iShares Core S&P 500 ETF | 0.15 | 0.36 | 0.50 | 72 | S&P 500 | APD vs IVV |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for APD, 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 Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.07, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.07 | 0.08 | 0.24 | 69 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.07 | 0.11 | 0.22 | 88 | Technology | |
| Pampa Energía S.A. | -0.05 | 0.10 | 0.19 | 53 | Utilities | |
| Bancolombia S.A. | -0.02 | 0.11 | 0.18 | 95 | Financial Services | |
| Cisco Systems, Inc. | -0.02 | 0.20 | 0.34 | 94 | Technology |
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