Looking to balance out your exposure to APPS? The ETFs below have the lowest correlation with APPS — they tend to move on their own, which can help reduce risk when APPS drops. The stock ideas table highlights individual companies that behave independently from APPS.
Best Diversifiers for APPS
0 ETFs have low correlation with APPS (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.32, down from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.32 | 0.39 | 0.52 | 66 | S&P 500 | APPS vs VOO | |
| ProShares Ultra S&P500 | 0.32 | 0.39 | 0.52 | 54 | Leveraged Equities, S&P 500 | APPS vs SSO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from APPS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to APPS and solid risk/return profiles. The least correlated is DaVita Inc. (DVA) (Healthcare) with a 1Y correlation of -0.01, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| DaVita Inc. | -0.01 | 0.14 | 0.21 | 85 | Healthcare | |
| BW LPG Limited | -0.01 | 0.08 | 0.07 | 86 | Industrials | |
| The Vita Coco Company, Inc. | 0.01 | 0.12 | — | 90 | Consumer Defensive | |
| Nabors Industries Ltd. | 0.01 | 0.19 | 0.25 | 93 | Energy | |
| PG&E Corporation | 0.01 | 0.15 | 0.22 | 76 | Utilities |
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