Looking to balance out your exposure to APLS? The ETFs below have the lowest correlation with APLS — they tend to move on their own, which can help reduce risk when APLS drops. The stock ideas table highlights individual companies that behave independently from APLS.
Best Diversifiers for APLS
2 ETFs have low correlation with APLS (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.23, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.23 | 0.24 | 0.29 | 74 | S&P 500 | APLS vs SPY | |
| Vanguard S&P 500 ETF | 0.23 | 0.24 | 0.29 | 74 | S&P 500 | APLS vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from APLS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to APLS and solid risk/return profiles. The least correlated is Analog Devices, Inc. (ADI) (Technology) with a 1Y correlation of 0.11, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Analog Devices, Inc. | 0.11 | 0.18 | 0.22 | 94 | Technology | |
| MaxLinear, Inc. | 0.15 | 0.13 | 0.19 | 99 | Technology | |
| AbbVie Inc. | 0.15 | 0.17 | 0.13 | 68 | Healthcare | |
| Lantheus Holdings, Inc. | 0.19 | 0.24 | 0.27 | 58 | Healthcare |
Build a portfolio that complements APLS
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