Looking to diversify beyond AQWA? The ETFs below have historically moved differently from AQWA, 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 AQWA
311 ETFs have low correlation with AQWA (below 0.3), 83 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.36, down from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.36 | -0.13 | 0.01 | 72 | Oil & Gas | AQWA vs DBE | |
| United States Oil Fund LP | -0.34 | -0.12 | 0.01 | 55 | Oil & Gas | AQWA vs USO | |
| United States Brent Oil Fund LP | -0.34 | -0.12 | 0.00 | 52 | Oil & Gas | AQWA vs BNO | |
| Invesco DB Oil Fund | -0.33 | -0.10 | 0.02 | 58 | Oil & Gas | AQWA vs DBO | |
| United States Gasoline Fund, LP | -0.33 | -0.09 | 0.03 | 87 | Oil & Gas | AQWA vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AQWA, 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 Select Energy Services, Inc. (WTTR) (Energy) with a 1Y correlation of 0.18, roughly unchanged from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Select Energy Services, Inc. | 0.18 | 0.26 | 0.26 | 92 | Energy |
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