Looking to balance out your exposure to AXS? The ETFs below have historically moved differently from AXS, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for AXS
9 ETFs have low correlation with AXS (below 0.3), 5 of which are negatively correlated. The least correlated is iShares MSCI South Korea ETF (EWY) (South Korea Equities) with a 1Y correlation of -0.30, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI South Korea ETF | -0.30 | -0.03 | 0.10 | 88 | South Korea Equities, Asia Pacific Equities | AXS vs EWY | |
| ProShares Ultra Technology | -0.29 | -0.02 | 0.14 | 55 | Leveraged Equities | AXS vs ROM | |
| Vanguard S&P 500 ETF | -0.10 | 0.16 | 0.31 | 78 | S&P 500 | AXS vs VOO | |
| iShares 0-3 Month Treasury Bond ETF | -0.04 | -0.04 | -0.03 | 100 | Ultrashort Bond | AXS vs SGOV | |
| iShares 1-5 Year Investment Grade Corporate Bond E... | -0.01 | 0.05 | 0.04 | 72 | Corporate Bonds, Investment Grade Bonds | AXS vs IGSB |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AXS, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Taiwan Semiconductor Manufacturing Company Limited (TSM) (Technology) with a 1Y correlation of -0.29, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited | -0.29 | -0.08 | 0.05 | 88 | Technology | |
| NVIDIA Corporation | -0.26 | -0.08 | 0.07 | 61 | Technology | |
| Navitas Semiconductor Corporation | -0.25 | -0.07 | 0.04 | 62 | Technology | |
| Norsk Hydro ASA ADR | -0.13 | 0.04 | 0.11 | 81 | Basic Materials | |
| Caterpillar Inc. | -0.12 | 0.13 | 0.27 | 93 | Industrials |
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