Looking to balance out your exposure to APG? The ETFs below have the lowest correlation with APG — they tend to move on their own, which can help reduce risk when APG drops. The stock ideas table highlights individual companies that behave independently from APG.
Best Diversifiers for APG
2 ETFs have low correlation with APG (below 0.3), 1 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.10, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.10 | 0.13 | 0.23 | 59 | Energy Equities | APG vs XLE | |
| iMGP DBi Managed Futures Strategy ETF | 0.29 | 0.19 | 0.06 | 86 | Systematic Trend | APG vs DBMF | |
| iShares Latin American 40 ETF | 0.36 | 0.35 | 0.37 | 64 | Latin America Equities | APG vs ILF | |
| Wahed Dow Jones Islamic World ETF | 0.51 | 0.51 | — | 59 | Foreign Large Cap Equities | APG vs UMMA | |
| State Street SPDR S&P 500 ETF | 0.56 | 0.57 | 0.64 | 65 | S&P 500 | APG vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from APG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to APG and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.15, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.15 | 0.07 | 0.19 | 74 | Energy | |
| The Coca-Cola Company | -0.15 | -0.03 | 0.12 | 84 | Consumer Defensive | |
| PepsiCo, Inc. | -0.14 | -0.00 | 0.10 | 53 | Consumer Defensive | |
| Philip Morris International Inc. | -0.11 | 0.07 | 0.16 | 52 | Consumer Defensive | |
| Waste Management, Inc. | -0.08 | 0.06 | 0.17 | 56 | Industrials |
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