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
7 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 0.13, 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 | 0.13 | 0.25 | — | 74 | Nasdaq-100, Derivative Income | APD vs JEPQ | |
| iShares Core S&P 500 ETF | 0.23 | 0.38 | 0.51 | 70 | S&P 500 | APD vs IVV | |
| State Street SPDR S&P 500 ETF | 0.23 | 0.38 | 0.51 | 70 | S&P 500 | APD vs SPY | |
| Vanguard S&P 500 ETF | 0.23 | 0.38 | 0.51 | 70 | S&P 500 | APD vs VOO | |
| Vanguard Total Stock Market ETF | 0.25 | 0.40 | 0.52 | 68 | Large Cap Blend Equities | APD vs VTI |
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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 Taiwan Semiconductor Manufacturing Company Limited (TSM) (Technology) with a 1Y correlation of -0.03, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited | -0.03 | 0.13 | 0.23 | 95 | Technology | |
| Oracle Corporation | -0.02 | 0.16 | 0.28 | 58 | Technology | |
| Monster Beverage Corporation | -0.02 | 0.16 | 0.29 | 79 | Consumer Defensive | |
| International Business Machines Corporation | -0.01 | 0.20 | 0.30 | 53 | Technology | |
| Amazon.com, Inc | -0.01 | 0.11 | 0.22 | 60 | Consumer Cyclical |
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Build a portfolio that complements APD
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Analyze a portfolio with APD