Looking to balance out your exposure to APYX? The ETFs below have historically moved differently from APYX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 0.27, roughly unchanged from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.27 | 0.27 | 0.32 | 78 | S&P 500 | APYX vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for APYX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Enel Chile S.A. (ENIC) (Utilities) with a 1Y correlation of 0.17, roughly unchanged from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enel Chile S.A. | 0.17 | 0.11 | 0.14 | 86 | Utilities | |
| BlackBerry Limited | 0.18 | 0.19 | 0.26 | 91 | Technology | |
| Butterfly Network, Inc. | 0.21 | 0.22 | 0.30 | 98 | Healthcare | |
| Graham Holdings Company | 0.23 | 0.15 | 0.20 | 76 | Consumer Defensive |
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