Looking to balance out your exposure to APPF? The ETFs below have the lowest correlation with APPF — they tend to move on their own, which can help reduce risk when APPF drops. The stock ideas table highlights individual companies that behave independently from APPF.
Best Diversifiers for APPF
1 ETFs have low correlation with APPF (below 0.3), 0 of which are negatively correlated. The least correlated is Direxion Daily Technology Bull 3X Shares (TECL) (Leveraged Equities) with a 1Y correlation of 0.25, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily Technology Bull 3X Shares | 0.25 | 0.39 | 0.45 | 84 | Leveraged Equities, Technology Equities | APPF vs TECL | |
| State Street SPDR S&P 500 ETF | 0.31 | 0.44 | 0.48 | 74 | S&P 500 | APPF vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from APPF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to APPF and solid risk/return profiles. The least correlated is Corning Incorporated (GLW) (Technology) with a 1Y correlation of -0.07, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Corning Incorporated | -0.07 | 0.14 | 0.24 | 98 | Technology | |
| Eli Lilly and Company | -0.04 | 0.11 | 0.14 | 75 | Healthcare | |
| GE Vernova Inc. | -0.04 | — | — | 87 | Utilities | |
| Vertiv Holdings Co. | -0.04 | 0.21 | 0.31 | 94 | Industrials | |
| Micron Technology, Inc. | -0.03 | 0.17 | 0.24 | 99 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements APPF
Add APPF to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with APPF