Looking to balance out your exposure to ACXP? The ETFs below have the lowest correlation with ACXP — they tend to move on their own, which can help reduce risk when ACXP drops. The stock ideas table highlights individual companies that behave independently from ACXP.
Best Diversifiers for ACXP
4 ETFs have low correlation with ACXP (below 0.3), 0 of which are negatively correlated. The least correlated is Convergence Long/Short Equity ETF (CLSE) (Long-Short) with a 1Y correlation of 0.10, roughly unchanged from 0.07 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Convergence Long/Short Equity ETF | 0.10 | 0.07 | — | 95 | Long-Short | ACXP vs CLSE | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.19 | 0.12 | 0.12 | 97 | Leveraged Equities, Semiconductors | ACXP vs SOXL | |
| Invesco Semiconductors ETF | 0.21 | 0.14 | — | 96 | Semiconductors, Technology Equities | ACXP vs PSI | |
| Defiance Quantum ETF | 0.25 | 0.19 | 0.17 | 91 | Technology Equities | ACXP vs QTUM |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ACXP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ACXP and solid risk/return profiles. The least correlated is ASA Gold and Precious Metals Limited (ASA) (Financial Services) with a 1Y correlation of 0.06, roughly unchanged from 0.09 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ASA Gold and Precious Metals Limited | 0.06 | 0.09 | — | 79 | Financial Services | |
| Globalstar, Inc. | 0.11 | 0.15 | 0.14 | 97 | Communication Services | |
| Eli Lilly and Company | 0.12 | 0.10 | — | 72 | Healthcare | |
| GigaCloud Technology Inc | 0.14 | 0.12 | — | 75 | Technology | |
| Micron Technology, Inc. | 0.18 | 0.10 | — | 99 | Technology |
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