Looking to balance out your exposure to APLD? The ETFs below have historically moved differently from APLD, 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 APLD
118 ETFs have low correlation with APLD (below 0.3), 29 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 -0.13, roughly unchanged from -0.07 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 | -0.13 | -0.08 | -0.07 | 100 | Government Bonds, Ultrashort Bond | APLD vs BIL | |
| WisdomTree Floating Rate Treasury Fund | -0.11 | -0.04 | -0.07 | 100 | Government Bonds, Ultrashort Bond | APLD vs USFR | |
| iShares Core High Dividend ETF | -0.10 | 0.08 | 0.13 | 87 | Dividend, Large Cap Value Equities | APLD vs HDV | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.10 | 0.12 | 0.16 | 89 | Large Cap Value Equities, Dividend | APLD vs FDL | |
| iShares 0-3 Month Treasury Bond ETF | -0.10 | -0.04 | -0.02 | 100 | Ultrashort Bond | APLD vs SGOV |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for APLD, 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 Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.31, down from -0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.31 | -0.12 | -0.04 | 87 | Financial Services | |
| Colgate-Palmolive Company | -0.20 | -0.07 | -0.01 | 61 | Consumer Defensive | |
| Berkshire Hathaway Inc. Class A | -0.19 | 0.05 | 0.10 | 67 | Financial Services | |
| Altria Group, Inc. | -0.19 | -0.06 | -0.02 | 63 | Consumer Defensive | |
| Verizon Communications Inc. | -0.18 | -0.07 | -0.01 | 63 | Communication Services |
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