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
103 ETFs have low correlation with AXP (below 0.3), 12 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.18, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.18 | -0.01 | 0.10 | 66 | Oil & Gas | AXP vs USO | |
| ProShares Ultra Bloomberg Crude Oil | -0.16 | 0.00 | 0.11 | 54 | Leveraged Commodities | AXP vs UCO | |
| Invesco DB Commodity Index Tracking Fund | -0.13 | 0.03 | 0.14 | 76 | Commodities | AXP vs DBC | |
| WisdomTree Floating Rate Treasury Fund | -0.12 | -0.03 | -0.05 | 100 | Government Bonds, Ultrashort Bond | AXP vs USFR | |
| iShares 0-3 Month Treasury Bond ETF | -0.09 | -0.04 | -0.04 | 100 | Ultrashort Bond | AXP vs SGOV |
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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 -0.13, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.13 | 0.06 | 0.17 | 73 | Consumer Defensive | |
| Duke Energy Corporation | -0.13 | -0.01 | 0.09 | 57 | Utilities | |
| TC Energy Corporation | -0.08 | 0.15 | 0.27 | 89 | Energy | |
| The Southern Company | -0.07 | 0.00 | 0.10 | 52 | Utilities | |
| BP p.l.c. | -0.06 | 0.10 | 0.24 | 89 | Energy |
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