Least-correlated names to AAPL
The names in a liquid mega-cap universe with the lowest return correlation to AAPL, from ~2 years of real daily returns — its strongest diversifiers. A negative correlation means the name has tended to move opposite AAPL in this window — correlations tend to rise toward 1 in stress, so a calm-window diversifier can fail exactly when it is needed. Real-only: a name without a real correlation is left out, never given a fabricated 0.
| Open | ||||
|---|---|---|---|---|
| UNH | -0.01 | -0.06 | -0.01 | ChartPairCompare |
| KO | +0.13 | +0.16 | 0.20 | ChartPairCompare |
| XOM | +0.16 | +0.00 | 0.18 | ChartPairCompare |
| INTC | +0.17 | -0.17 | 0.07 | ChartPairCompare |
| CVX | +0.19 | -0.12 | 0.23 | ChartPairCompare |
| PEP | +0.20 | +0.30 | 0.26 | ChartPairCompare |
| NFLX | +0.25 | +0.34 | 0.21 | ChartPairCompare |
| WMT | +0.26 | +0.20 | 0.30 | ChartPairCompare |
Pearson correlation of daily log-returns over ~2 years (and a recent 63-day window), sorted least-correlated first; any column header re-sorts. AAPL is excluded (a name correlates 1.00 with itself). β on AAPL is how the name has moved per 1 move in AAPL. Correlation runs from −1 to +1. Your decisions, your risk.