Looking to balance out your exposure to AQN? The ETFs below have the lowest correlation with AQN — they tend to move on their own, which can help reduce risk when AQN drops. The stock ideas table highlights individual companies that behave independently from AQN.
Best Diversifiers for AQN
5 ETFs have low correlation with AQN (below 0.3), 0 of which are negatively correlated. The least correlated is Pacific Global Senior Loan ETF (FLRT) (High Yield Bonds) with a 1Y correlation of 0.01, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pacific Global Senior Loan ETF | 0.01 | 0.12 | 0.15 | 86 | High Yield Bonds | AQN vs FLRT | |
| VanEck Vectors Investment Grade Floating Rate ETF | 0.09 | 0.04 | 0.08 | 99 | Corporate Bonds | AQN vs FLTR | |
| Janus Henderson AAA CLO ETF | 0.17 | 0.12 | 0.09 | 98 | CLO | AQN vs JAAA | |
| State Street SPDR S&P 500 ETF | 0.26 | 0.32 | 0.38 | 74 | S&P 500 | AQN vs SPY | |
| Vanguard S&P 500 ETF | 0.26 | 0.32 | 0.38 | 74 | S&P 500 | AQN vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AQN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AQN and solid risk/return profiles. The least correlated is Star Bulk Carriers Corp. (SBLK) (Industrials) with a 1Y correlation of 0.06, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Star Bulk Carriers Corp. | 0.06 | 0.15 | 0.14 | 89 | Industrials | |
| Dow Inc. | 0.07 | 0.27 | 0.27 | 59 | Basic Materials | |
| International Seaways, Inc. | 0.08 | 0.11 | 0.10 | 95 | Energy | |
| Altria Group, Inc. | 0.11 | 0.25 | 0.25 | 73 | Consumer Defensive | |
| Taseko Mines Limited | 0.12 | 0.26 | 0.28 | 92 | Basic Materials |
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