Looking to balance out your exposure to AQST? The ETFs below have the lowest correlation with AQST — they tend to move on their own, which can help reduce risk when AQST drops. The stock ideas table highlights individual companies that behave independently from AQST.
Best Diversifiers for AQST
3 ETFs have low correlation with AQST (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI Global Silver and Metals Miners ETF (SLVP) (Silver) with a 1Y correlation of 0.09, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Global Silver and Metals Miners ETF | 0.09 | 0.18 | 0.17 | 55 | Silver, Precious Metals | AQST vs SLVP | |
| VanEck Semiconductor ETF | 0.18 | 0.20 | 0.25 | 96 | Semiconductors, Technology Equities | AQST vs SMH | |
| Defiance Daily Target 2X Long AVGO ETF | 0.22 | 0.27 | 0.27 | 50 | Leveraged Equities | AQST vs AVGX |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AQST, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AQST and solid risk/return profiles. The least correlated is Aveanna Healthcare Holdings Inc. (AVAH) (Healthcare) with a 1Y correlation of 0.07, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Aveanna Healthcare Holdings Inc. | 0.07 | 0.19 | 0.18 | 54 | Healthcare | |
| Gold Fields Limited | 0.08 | 0.08 | 0.08 | 69 | Basic Materials | |
| CVS Health Corporation | 0.09 | 0.09 | 0.08 | 80 | Healthcare | |
| DXP Enterprises, Inc. | 0.11 | 0.10 | 0.10 | 80 | Industrials | |
| Elbit Systems Ltd | 0.12 | 0.10 | 0.10 | 88 | Industrials |
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