Looking to balance out your exposure to APP? The ETFs below have historically moved differently from APP, 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 APP
187 ETFs have low correlation with APP (below 0.3), 33 of which are negatively correlated. The least correlated is iShares Core High Dividend ETF (HDV) (Dividend) with a 1Y correlation of -0.19, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core High Dividend ETF | -0.19 | -0.03 | 0.12 | 92 | Dividend, Large Cap Value Equities | APP vs HDV | |
| Franklin U.S. Low Volatility High Dividend Index E... | -0.15 | -0.02 | 0.12 | 61 | Dividend, Low Volatility | APP vs LVHD | |
| State Street Energy Select Sector SPDR ETF | -0.14 | 0.04 | 0.09 | 76 | Energy Equities | APP vs XLE | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.13 | 0.03 | 0.15 | 92 | Large Cap Value Equities, Dividend | APP vs FDL | |
| Global X MLP & Energy Infrastructure ETF | -0.13 | 0.14 | 0.20 | 74 | Infrastructure Equities, MLPs | APP vs MLPX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for APP, 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 -0.26, down from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.26 | -0.16 | -0.02 | 90 | Consumer Defensive | |
| Duke Energy Corporation | -0.26 | -0.18 | -0.08 | 56 | Utilities | |
| Merck & Co., Inc. | -0.24 | -0.12 | -0.07 | 96 | Healthcare | |
| CenterPoint Energy, Inc. | -0.24 | -0.04 | 0.04 | 66 | Utilities | |
| Johnson & Johnson | -0.22 | -0.23 | -0.10 | 97 | Healthcare |
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