Looking to diversify beyond AQWA? The ETFs below have the lowest correlation with AQWA — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from AQWA.
Best Diversifiers for AQWA
251 ETFs have low correlation with AQWA (below 0.3), 36 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.30, down from -0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.30 | -0.16 | -0.16 | 63 | Leveraged Currency | AQWA vs YCS | |
| United States Gasoline Fund LP | -0.29 | -0.07 | 0.04 | 55 | Oil & Gas | AQWA vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.20 | — | — | 97 | Inflation-Protected Bonds | AQWA vs RBIL | |
| WisdomTree Floating Rate Treasury Fund | -0.17 | -0.07 | -0.04 | 100 | Government Bonds, Ultrashort Bond | AQWA vs USFR | |
| VanEck Commodity Strategy ETF | -0.17 | 0.02 | — | 57 | Commodities | AQWA vs PIT |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AQWA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AQWA and solid risk/return profiles. The least correlated is Select Energy Services, Inc. (WTTR) (Energy) with a 1Y correlation of 0.23, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Select Energy Services, Inc. | 0.23 | 0.28 | 0.26 | 92 | Energy |
Build a portfolio that complements AQWA
Add AQWA to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with AQWA