Looking to balance out your exposure to APP? The ETFs below have the lowest correlation with APP — they tend to move on their own, which can help reduce risk when APP drops. The stock ideas table highlights individual companies that behave independently from APP.
Best Diversifiers for APP
165 ETFs have low correlation with APP (below 0.3), 16 of which are negatively correlated. The least correlated is iShares Core High Dividend ETF (HDV) (Dividend) with a 1Y correlation of -0.11, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core High Dividend ETF | -0.11 | 0.03 | 0.12 | 64 | Dividend, Large Cap Value Equities | APP vs HDV | |
| State Street Energy Select Sector SPDR ETF | -0.10 | 0.07 | 0.11 | 63 | Energy Equities | APP vs XLE | |
| Schwab U.S. Dividend Equity ETF | -0.09 | 0.09 | 0.23 | 80 | Dividend | APP vs SCHD | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.08 | 0.06 | 0.14 | 70 | Large Cap Value Equities, Dividend | APP vs FDL | |
| iShares Global Energy ETF | -0.08 | 0.09 | 0.12 | 76 | Energy Equities | APP vs IXC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from APP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to APP and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.22, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.22 | -0.12 | -0.02 | 66 | Consumer Defensive | |
| Johnson & Johnson | -0.20 | -0.21 | -0.09 | 92 | Healthcare | |
| The Hershey Company | -0.20 | -0.14 | -0.09 | 55 | Consumer Defensive | |
| Merck & Co., Inc. | -0.17 | -0.10 | -0.05 | 87 | Healthcare | |
| Altria Group, Inc. | -0.17 | -0.08 | -0.03 | 69 | Consumer Defensive |
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