Looking to diversify beyond APRT? The ETFs below have the lowest correlation with APRT — 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 APRT.
Best Diversifiers for APRT
378 ETFs have low correlation with APRT (below 0.3), 73 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.31, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.31 | -0.07 | 0.06 | 66 | Oil & Gas | APRT vs USO | |
| Invesco DB Energy Fund | -0.31 | -0.06 | 0.08 | 71 | Oil & Gas | APRT vs DBE | |
| United States Brent Oil Fund LP | -0.30 | -0.06 | 0.07 | 65 | Oil & Gas | APRT vs BNO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.29 | -0.03 | 0.09 | 55 | Oil & Gas | APRT vs OILK | |
| United States 12 Month Oil Fund LP | -0.28 | -0.05 | 0.09 | 56 | Oil & Gas | APRT vs USL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from APRT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to APRT and solid risk/return profiles. The least correlated is Novanta Inc. (NOVT) (Technology) with a 1Y correlation of 0.48, down from 0.62 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Novanta Inc. | 0.48 | 0.55 | 0.62 | 62 | Technology |
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