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
343 ETFs have low correlation with AQWA (below 0.3), 70 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.34, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.34 | -0.08 | 0.04 | 71 | Oil & Gas | AQWA vs DBE | |
| United States Oil Fund LP | -0.33 | -0.07 | 0.03 | 66 | Oil & Gas | AQWA vs USO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.32 | -0.05 | 0.05 | 55 | Oil & Gas | AQWA vs OILK | |
| ProShares Ultra Bloomberg Crude Oil | -0.32 | -0.06 | 0.04 | 54 | Leveraged Commodities | AQWA vs UCO | |
| United States Brent Oil Fund LP | -0.32 | -0.07 | 0.03 | 65 | Oil & Gas | AQWA vs BNO |
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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 0.24, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Select Energy Services, Inc. | 0.24 | 0.30 | 0.27 | 93 | Energy |
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