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
151 ETFs have low correlation with APP (below 0.3), 12 of which are negatively correlated. The least correlated is iShares Core High Dividend ETF (HDV) (Dividend) with a 1Y correlation of -0.15, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core High Dividend ETF | -0.15 | 0.00 | 0.13 | 70 | Dividend, Large Cap Value Equities | APP vs HDV | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.10 | 0.05 | 0.16 | 69 | Large Cap Value Equities, Dividend | APP vs FDL | |
| Schwab U.S. Dividend Equity ETF | -0.08 | 0.09 | 0.23 | 77 | Dividend | APP vs SCHD | |
| WisdomTree Floating Rate Treasury Fund | -0.05 | 0.04 | 0.01 | 100 | Government Bonds, Ultrashort Bond | APP vs USFR | |
| iShares 0-3 Month Treasury Bond ETF | -0.04 | 0.02 | 0.03 | 100 | Ultrashort Bond | APP vs SGOV |
To view more results, upgrade your current subscription plan.
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 -0.25, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.25 | -0.13 | -0.02 | 74 | Consumer Defensive | |
| Johnson & Johnson | -0.21 | -0.22 | -0.09 | 96 | Healthcare | |
| Merck & Co., Inc. | -0.21 | -0.11 | -0.06 | 89 | Healthcare | |
| Chubb Limited | -0.19 | -0.09 | 0.01 | 69 | Financial Services | |
| The Southern Company | -0.19 | -0.16 | -0.06 | 55 | Utilities |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements APP
Add APP to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with APP