Looking to balance out your exposure to AXR? The ETFs below have the lowest correlation with AXR — they tend to move on their own, which can help reduce risk when AXR drops. The stock ideas table highlights individual companies that behave independently from AXR.
Best Diversifiers for AXR
1 ETFs have low correlation with AXR (below 0.3), 0 of which are negatively correlated. The least correlated is WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) (Gold) with a 1Y correlation of 0.16, roughly unchanged from 0.14 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Efficient Gold Plus Equity Strategy Fun... | 0.16 | 0.14 | — | 52 | Gold | AXR vs GDE | |
| Vanguard S&P 500 ETF | 0.31 | 0.21 | 0.17 | 74 | S&P 500 | AXR vs VOO | |
| State Street SPDR S&P 500 ETF | 0.31 | 0.21 | 0.17 | 74 | S&P 500 | AXR vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AXR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AXR and solid risk/return profiles. The least correlated is Murphy USA Inc. (MUSA) (Consumer Cyclical) with a 1Y correlation of 0.00, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Murphy USA Inc. | 0.00 | 0.04 | 0.05 | 64 | Consumer Cyclical | |
| Pampa Energía S.A. | 0.01 | 0.08 | 0.06 | 54 | Utilities | |
| Lincoln Educational Services Corporation | 0.03 | 0.07 | 0.05 | 90 | Consumer Defensive | |
| Fortinet, Inc. | 0.05 | 0.09 | 0.10 | 69 | Technology | |
| Fabrinet | 0.09 | 0.07 | 0.08 | 93 | Technology |
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