Looking to balance out your exposure to AXIA? The ETFs below have historically moved differently from AXIA, 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 AXIA
1 ETFs have low correlation with AXIA (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.17, roughly unchanged from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.17 | 0.25 | 0.23 | 94 | Dividend | AXIA vs SCHD | |
| Vanguard S&P 500 ETF | 0.36 | 0.33 | 0.28 | 72 | S&P 500 | AXIA vs VOO | |
| First Trust Indxx Innovative Transaction & Process... | 0.39 | 0.35 | 0.31 | 66 | Blockchain | AXIA vs LEGR | |
| First Trust NASDAQ Clean Edge Smart Grid Infrastru... | 0.41 | 0.38 | 0.33 | 51 | Infrastructure Equities, Alternative Energy Equities, Energy Equities | AXIA vs GRID | |
| WisdomTree International Al Enhanced Value Fund | 0.44 | 0.40 | 0.36 | 82 | Foreign Large Cap Equities | AXIA vs AIVI |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AXIA, 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 Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.12, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.12 | 0.03 | 0.11 | 72 | Energy | |
| Cboe Global Markets, Inc. | -0.10 | -0.03 | 0.06 | 56 | Financial Services | |
| Eli Lilly and Company | -0.06 | 0.02 | 0.04 | 81 | Healthcare | |
| Walmart Inc. | 0.00 | 0.08 | 0.07 | 59 | Consumer Defensive | |
| AbbVie Inc. | 0.03 | 0.10 | 0.06 | 73 | Healthcare |
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