Looking to diversify beyond APLX? The ETFs below have the lowest correlation with APLX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from APLX.
Best Diversifiers for APLX
3 ETFs have low correlation with APLX (below 0.3), 1 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.09, roughly unchanged from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.09 | -0.09 | -0.09 | 100 | Government Bonds, Ultrashort Bond | APLX vs USFR | |
| iShares 0-1 Year Treasury Bond ETF | 0.01 | 0.01 | 0.01 | 100 | Government Bonds, Ultrashort Bond | APLX vs SHV | |
| PIMCO Short Term Municipal Bond Active ETF | 0.25 | 0.25 | 0.25 | 92 | Municipal Bonds | APLX vs SMMU | |
| Innovator U.S. Equity Accelerated Plus ETF | 0.39 | 0.39 | 0.39 | 98 | Leveraged Equities | APLX vs XTAP | |
| Leverage Shares 2X Long ARM Daily ETF | 0.41 | 0.41 | 0.41 | 56 | Leveraged Equities | APLX vs ARMG |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from APLX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to APLX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.15, roughly unchanged from -0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.15 | -0.15 | -0.15 | 72 | Consumer Defensive | |
| AbbVie Inc. | -0.05 | -0.05 | -0.05 | 75 | Healthcare | |
| Merck & Co., Inc. | -0.02 | -0.02 | -0.02 | 89 | Healthcare | |
| Jazz Pharmaceuticals plc | 0.09 | 0.09 | 0.09 | 97 | Healthcare | |
| Capricor Therapeutics, Inc. | 0.15 | 0.15 | 0.15 | 89 | Healthcare |
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