Looking to balance out your exposure to APO? The ETFs below have the lowest correlation with APO — they tend to move on their own, which can help reduce risk when APO drops. The stock ideas table highlights individual companies that behave independently from APO.
Best Diversifiers for APO
115 ETFs have low correlation with APO (below 0.3), 8 of which are negatively correlated. The least correlated is Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) (Inflation-Protected Bonds) with a 1Y correlation of -0.06, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | -0.06 | 0.01 | 0.05 | 93 | Inflation-Protected Bonds | APO vs VTIP | |
| Alpha Architect 1-3 Month Box ETF | -0.06 | 0.01 | — | 100 | Ultrashort Bond | APO vs BOXX | |
| United States Oil Fund LP | -0.05 | 0.05 | 0.13 | 66 | Oil & Gas | APO vs USO | |
| iShares 0-5 Year TIPS Bond ETF | -0.04 | 0.02 | 0.05 | 93 | Inflation-Protected Bonds | APO vs STIP | |
| Vanguard Short-Term Tax-Exempt Bond ETF Shares | -0.03 | 0.01 | — | 73 | Municipal Bonds | APO vs VTES |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from APO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to APO and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.13, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.13 | -0.07 | 0.08 | 66 | Consumer Defensive | |
| Duke Energy Corporation | -0.12 | -0.07 | 0.02 | 53 | Utilities | |
| Johnson & Johnson | -0.11 | -0.07 | 0.02 | 92 | Healthcare | |
| Altria Group, Inc. | -0.11 | -0.01 | 0.08 | 69 | Consumer Defensive | |
| Agnico Eagle Mines Limited | -0.06 | 0.06 | 0.09 | 66 | Basic Materials |
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Build a portfolio that complements APO
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