Looking to balance out your exposure to APYX? The ETFs below have the lowest correlation with APYX — they tend to move on their own, which can help reduce risk when APYX drops. The stock ideas table highlights individual companies that behave independently from APYX.
Best Diversifiers for APYX
1 ETFs have low correlation with APYX (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.26, roughly unchanged from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.26 | 0.26 | 0.32 | 70 | S&P 500 | APYX vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from APYX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to APYX and solid risk/return profiles. The least correlated is BlackBerry Limited (BB) (Technology) with a 1Y correlation of 0.14, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackBerry Limited | 0.14 | 0.17 | 0.27 | 90 | Technology | |
| Butterfly Network, Inc. | 0.18 | 0.22 | 0.30 | 70 | Healthcare |
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