Looking to diversify beyond AXPG? The ETFs below have the lowest correlation with AXPG — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from AXPG.
Best Diversifiers for AXPG
2 ETFs have low correlation with AXPG (below 0.3), 0 of which are negatively correlated. The least correlated is GraniteShares 2x Long VRT Daily ETF (VRTL) (Leveraged Equities) 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 |
|---|---|---|---|---|---|---|---|
| GraniteShares 2x Long VRT Daily ETF | 0.18 | 0.18 | 0.18 | 83 | Leveraged Equities | AXPG vs VRTL | |
| ProShares Ultra Semiconductors | 0.21 | 0.21 | 0.21 | 82 | Leveraged Equities, Semiconductors | AXPG vs USD | |
| Direxion Daily Emerging Markets Bull 3X Shares | 0.33 | 0.33 | 0.33 | 65 | Leveraged Equities | AXPG vs EDC | |
| ProShares Ultra QQQ | 0.36 | 0.36 | 0.36 | 53 | Leveraged Equities | AXPG vs QLD | |
| Direxion Daily GOOGL Bull 2X Shares | 0.45 | 0.45 | 0.45 | 94 | Leveraged Equities | AXPG vs GGLL |
Diversification Analysis
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