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.
Best Diversifiers for AUGO
0 ETFs have low correlation with AUGO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Russell 2000 ETF (IWM) (Small Cap Blend Equities) with a 1Y correlation of 0.42, roughly unchanged from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Russell 2000 ETF | 0.42 | 0.42 | 0.42 | 67 | Small Cap Blend Equities | AUGO vs IWM |
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 Energy Transfer LP (ET) (Energy) with a 1Y correlation of -0.01, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | -0.01 | -0.01 | -0.01 | 80 | Energy | |
| Affirm Holdings, Inc. | 0.15 | 0.15 | 0.15 | 56 | Technology | |
| Ardelyx, Inc. | 0.18 | 0.18 | 0.18 | 54 | Healthcare | |
| Kenon Holdings Ltd. | 0.18 | 0.18 | 0.18 | 78 | Utilities | |
| Micron Technology, Inc. | 0.21 | 0.21 | 0.21 | 99 | Technology |
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