Looking to balance out your exposure to AUGO? The ETFs below have the lowest correlation with AUGO — they tend to move on their own, which can help reduce risk when AUGO drops. The stock ideas table highlights individual companies that behave independently from AUGO.
No Diversifiers Found for AUGO
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AUGO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AUGO and solid risk/return profiles. The least correlated is Kenon Holdings Ltd. (KEN) (Utilities) with a 1Y correlation of 0.19, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kenon Holdings Ltd. | 0.19 | 0.19 | 0.19 | 94 | Utilities | |
| Micron Technology, Inc. | 0.19 | 0.19 | 0.19 | 99 | Technology | |
| Seagate Technology plc | 0.22 | 0.22 | 0.22 | 99 | Technology | |
| Lundin Mining Corporation | 0.51 | 0.51 | 0.51 | 94 | Basic Materials | |
| Impala Platinum Holdings Limited ADR | 0.59 | 0.59 | 0.59 | 74 | Basic Materials |
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