Looking to balance out your exposure to APM? The ETFs below have the lowest correlation with APM — they tend to move on their own, which can help reduce risk when APM drops. The stock ideas table highlights individual companies that behave independently from APM.
Best Diversifiers for APM
1 ETFs have low correlation with APM (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.19, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.19 | 0.09 | 0.12 | 64 | Nasdaq-100 | APM vs QQQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from APM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to APM and solid risk/return profiles. The least correlated is Coeur Mining, Inc. (CDE) (Basic Materials) with a 1Y correlation of 0.03, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Coeur Mining, Inc. | 0.03 | 0.05 | 0.07 | 74 | Basic Materials |
Build a portfolio that complements APM
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