Looking to balance out your exposure to AUGO? The ETFs below have historically moved differently from AUGO, 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 AUGO
0 ETFs have low correlation with AUGO (below 0.3), 0 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Nomura Focused Emerging Markets Equity ETF | 0.34 | — | — | 91 | Emerging Markets Equities | AUGO vs EMEQ | |
| Direxion Daily S&P 500 Bull 3X ETF | 0.39 | 0.38 | 0.38 | 51 | Leveraged Equities, S&P 500 | AUGO vs SPXL | |
| iShares Russell 2000 ETF | 0.43 | — | — | 79 | Small Cap Blend Equities | AUGO vs IWM |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AUGO, 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 Energy Transfer LP (ET) (Energy) with a 1Y correlation of -0.03, roughly unchanged from -0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | -0.03 | -0.04 | -0.04 | 81 | Energy | |
| CNX Resources Corporation | 0.04 | 0.04 | 0.04 | 62 | Energy | |
| Eli Lilly and Company | 0.05 | — | — | 83 | Healthcare | |
| Welltower Inc. | 0.05 | — | — | 89 | Real Estate | |
| Global-e Online Ltd. | 0.13 | — | — | 58 | Consumer Cyclical |
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