Looking to balance out your exposure to AXP? The ETFs below have the lowest correlation with AXP — they tend to move on their own, which can help reduce risk when AXP drops. The stock ideas table highlights individual companies that behave independently from AXP.
Best Diversifiers for AXP
97 ETFs have low correlation with AXP (below 0.3), 10 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.18, roughly unchanged from -0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.18 | -0.11 | -0.18 | 54 | Currency | AXP vs UUP | |
| WisdomTree Floating Rate Treasury Fund | -0.17 | -0.05 | -0.04 | 100 | Government Bonds, Ultrashort Bond | AXP vs USFR | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.13 | -0.11 | -0.07 | 100 | Government Bonds, Ultrashort Bond | AXP vs BIL | |
| Alpha Architect 1-3 Month Box ETF | -0.12 | 0.01 | — | 100 | Ultrashort Bond | AXP vs BOXX | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.07 | -0.04 | 0.04 | 91 | Inflation-Protected Bonds | AXP vs VTIP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AXP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AXP and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.16, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.16 | 0.04 | 0.16 | 78 | Consumer Defensive | |
| Murphy USA Inc. | -0.11 | 0.08 | 0.15 | 72 | Consumer Cyclical | |
| Enbridge Inc. | -0.10 | 0.16 | 0.31 | 85 | Energy | |
| Duke Energy Corporation | -0.10 | 0.00 | 0.08 | 70 | Utilities | |
| TC Energy Corporation | -0.07 | 0.14 | 0.25 | 94 | Energy |
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Build a portfolio that complements AXP
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