Looking to diversify beyond APLZ? The ETFs below have the lowest correlation with APLZ — 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 APLZ.
Best Diversifiers for APLZ
2 ETFs have low correlation with APLZ (below 0.3), 2 of which are negatively correlated. The least correlated is Tradr 2X Long Triple Q Quarterly ETF (QQQP) (Leveraged Equities) with a 1Y correlation of -0.57, roughly unchanged from -0.57 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Tradr 2X Long Triple Q Quarterly ETF | -0.57 | -0.57 | -0.57 | 51 | Leveraged Equities | APLZ vs QQQP | |
| Direxion Daily NFLX Bear 1X Shares | -0.08 | — | — | 63 | Inverse Equities | APLZ vs NFXS | |
| Defiance Daily Target 2X Short MSTR ETF | 0.44 | 0.44 | 0.44 | 53 | Inverse Equities | APLZ vs SMST |
Diversification Analysis
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