Looking to diversify beyond APRJ? The ETFs below have the lowest correlation with APRJ — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from APRJ.
Best Diversifiers for APRJ
1046 ETFs have low correlation with APRJ (below 0.3), 128 of which are negatively correlated. The least correlated is Brookstone Ultra-Short Bond ETF (BAMU) (Ultrashort Bond) with a 1Y correlation of -0.15, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Brookstone Ultra-Short Bond ETF | -0.15 | -0.04 | -0.04 | 98 | Ultrashort Bond | APRJ vs BAMU | |
| Franklin Liberty Systematic Style Premia ETF | -0.12 | -0.00 | — | 53 | Long-Short | APRJ vs FLSP | |
| Invesco Variable Rate Investment Grade ETF | -0.10 | 0.11 | — | 99 | Ultrashort Bond | APRJ vs VRIG | |
| First Trust New York High Income Municipal ETF | -0.10 | 0.07 | 0.05 | 68 | Municipal Bonds | APRJ vs FMNY | |
| PIMCO Enhanced Low Duration Active ETF | -0.10 | 0.01 | -0.03 | 88 | Short-Term Bond | APRJ vs LDUR |
See all 2115 diversifiers for APRJ
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Diversification Analysis
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