Looking to balance out your exposure to AXIA? The ETFs below have the lowest correlation with AXIA — they tend to move on their own, which can help reduce risk when AXIA drops. The stock ideas table highlights individual companies that behave independently from AXIA.
Best Diversifiers for AXIA
2 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 0.20, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.20 | 0.25 | 0.24 | 85 | Dividend | AXIA vs SCHD | |
| iShares Silver Trust | 0.23 | 0.19 | 0.21 | 51 | Silver, Precious Metals | AXIA vs SLV | |
| Vanguard S&P 500 ETF | 0.39 | 0.33 | 0.28 | 74 | S&P 500 | AXIA vs VOO | |
| First Trust Indxx Innovative Transaction & Process... | 0.40 | 0.34 | 0.31 | 66 | Blockchain | AXIA vs LEGR | |
| First Trust NASDAQ Clean Edge Smart Grid Infrastru... | 0.43 | 0.37 | 0.33 | 80 | Alternative Energy Equities | AXIA vs GRID |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AXIA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AXIA and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.09, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.09 | 0.04 | 0.11 | 84 | Energy | |
| Cboe Global Markets, Inc. | -0.09 | -0.01 | 0.06 | 71 | Financial Services | |
| Eli Lilly and Company | -0.06 | 0.03 | 0.05 | 75 | Healthcare | |
| Walmart Inc. | 0.01 | 0.09 | 0.07 | 66 | Consumer Defensive | |
| Alliant Energy Corporation | 0.06 | 0.18 | 0.16 | 78 | Utilities |
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Build a portfolio that complements AXIA
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