Looking to diversify beyond APLY? The ETFs below have historically moved differently from APLY, 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 APLY
1041 ETFs have low correlation with APLY (below 0.3), 118 of which are negatively correlated. The least correlated is United States Brent Oil Fund LP (BNO) (Oil & Gas) with a 1Y correlation of -0.26, down from -0.07 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Brent Oil Fund LP | -0.26 | -0.07 | — | 52 | Oil & Gas | APLY vs BNO | |
| United States Oil Fund LP | -0.25 | -0.08 | — | 55 | Oil & Gas | APLY vs USO | |
| Invesco DB Oil Fund | -0.24 | -0.07 | — | 58 | Oil & Gas | APLY vs DBO | |
| Invesco DB Energy Fund | -0.23 | -0.06 | — | 72 | Oil & Gas | APLY vs DBE | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.22 | — | — | 98 | Inflation-Protected Bonds | APLY vs IBIC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for APLY, 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 Energy Transfer LP (ET) (Energy) with a 1Y correlation of -0.04, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | -0.04 | 0.05 | 0.06 | 81 | Energy | |
| Verizon Communications Inc. | -0.00 | 0.05 | — | 66 | Communication Services | |
| Chubb Limited | 0.03 | 0.07 | — | 89 | Financial Services | |
| The Coca-Cola Company | 0.08 | 0.10 | — | 90 | Consumer Defensive | |
| Micron Technology, Inc. | 0.08 | 0.19 | — | 99 | Technology |
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