Looking to balance out your exposure to AQN? The ETFs below have historically moved differently from AQN, 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 AQN
5 ETFs have low correlation with AQN (below 0.3), 0 of which are negatively correlated. The least correlated is Pacer Aristotle Pacific Floating Rate High Income ETF (FLRT) (Bank Loan) with a 1Y correlation of 0.01, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pacer Aristotle Pacific Floating Rate High Income ... | 0.01 | 0.12 | 0.15 | 89 | Bank Loan | AQN vs FLRT | |
| Janus Henderson AAA CLO ETF | 0.06 | 0.12 | 0.09 | 99 | CLO | AQN vs JAAA | |
| VanEck IG Floating Rate ETF | 0.09 | 0.03 | 0.09 | 99 | Corporate Bonds, Ultrashort Bond | AQN vs FLTR | |
| State Street SPDR S&P 500 ETF | 0.16 | 0.30 | 0.36 | 72 | S&P 500 | AQN vs SPY | |
| Vanguard S&P 500 ETF | 0.16 | 0.30 | 0.36 | 72 | S&P 500 | AQN vs VOO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AQN, 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 LyondellBasell Industries N.V. (LYB) (Basic Materials) with a 1Y correlation of -0.05, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| LyondellBasell Industries N.V. | -0.05 | 0.19 | 0.21 | 62 | Basic Materials | |
| Dow Inc. | 0.03 | 0.26 | 0.26 | 73 | Basic Materials | |
| Corsair Gaming, Inc. | 0.04 | 0.22 | 0.27 | 57 | Technology | |
| Coherent Corp. | 0.06 | 0.13 | 0.19 | 92 | Technology | |
| Taseko Mines Limited | 0.06 | 0.23 | 0.26 | 90 | Basic Materials |
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