Looking to balance out your exposure to APO? The ETFs below have historically moved differently from APO, 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 APO
150 ETFs have low correlation with APO (below 0.3), 17 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.10, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.10 | 0.00 | 0.11 | 55 | Oil & Gas | APO vs USO | |
| Global X MLP & Energy Infrastructure ETF | -0.07 | 0.23 | 0.35 | 74 | Infrastructure Equities, MLPs | APO vs MLPX | |
| KFA Mount Lucas Index Strategy ETF | -0.05 | -0.07 | -0.12 | 61 | Systematic Trend | APO vs KMLM | |
| Invesco DB Commodity Index Tracking Fund | -0.05 | 0.05 | 0.15 | 71 | Commodities | APO vs DBC | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.04 | -0.01 | 0.04 | 92 | Inflation-Protected Bonds | APO vs VTIP |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for APO, 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 The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.22, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.22 | -0.10 | 0.06 | 90 | Consumer Defensive | |
| Johnson & Johnson | -0.20 | -0.11 | -0.00 | 97 | Healthcare | |
| Duke Energy Corporation | -0.20 | -0.10 | 0.02 | 56 | Utilities | |
| Altria Group, Inc. | -0.16 | -0.05 | 0.05 | 66 | Consumer Defensive | |
| Seneca Foods Corporation | -0.15 | -0.02 | 0.08 | 84 | Consumer Defensive |
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