Looking to balance out your exposure to APLD? The ETFs below have the lowest correlation with APLD — they tend to move on their own, which can help reduce risk when APLD drops. The stock ideas table highlights individual companies that behave independently from APLD.
Best Diversifiers for APLD
117 ETFs have low correlation with APLD (below 0.3), 25 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.16, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.16 | 0.00 | 0.05 | 66 | Oil & Gas | APLD vs USO | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.13 | -0.06 | -0.06 | 100 | Government Bonds, Ultrashort Bond | APLD vs BIL | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.12 | 0.03 | 0.05 | 93 | Inflation-Protected Bonds | APLD vs VTIP | |
| iShares 0-5 Year TIPS Bond ETF | -0.11 | 0.04 | 0.06 | 93 | Inflation-Protected Bonds | APLD vs STIP | |
| iShares 0-3 Month Treasury Bond ETF | -0.10 | -0.02 | -0.02 | 100 | Ultrashort Bond | APLD vs SGOV |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from APLD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to APLD and solid risk/return profiles. The least correlated is Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.21, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.21 | -0.08 | -0.02 | 57 | Financial Services | |
| Verizon Communications Inc. | -0.18 | -0.04 | 0.00 | 56 | Communication Services | |
| Duke Energy Corporation | -0.16 | -0.03 | -0.00 | 57 | Utilities | |
| The Southern Company | -0.15 | -0.04 | -0.01 | 52 | Utilities | |
| Altria Group, Inc. | -0.11 | -0.01 | 0.01 | 73 | Consumer Defensive |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements APLD
Add APLD to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with APLD