Looking to balance out your exposure to APPN? The ETFs below have the lowest correlation with APPN — they tend to move on their own, which can help reduce risk when APPN drops. The stock ideas table highlights individual companies that behave independently from APPN.
Best Diversifiers for APPN
4 ETFs have low correlation with APPN (below 0.3), 0 of which are negatively correlated. The least correlated is Defiance Quantum ETF (QTUM) (Technology Equities) with a 1Y correlation of 0.21, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Quantum ETF | 0.21 | 0.41 | 0.51 | 91 | Technology Equities | APPN vs QTUM | |
| State Street SPDR S&P 500 ETF | 0.24 | 0.43 | 0.51 | 70 | S&P 500 | APPN vs SPY | |
| Vanguard S&P 500 ETF | 0.24 | 0.43 | 0.51 | 70 | S&P 500 | APPN vs VOO | |
| Invesco QQQ ETF | 0.25 | 0.42 | 0.54 | 73 | Nasdaq-100 | APPN vs QQQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from APPN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to APPN and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.12, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.12 | 0.25 | 0.37 | 89 | Technology | |
| Compass, Inc. | 0.21 | 0.35 | 0.43 | 54 | Technology |
Build a portfolio that complements APPN
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