Looking to balance out your exposure to AXTA? The ETFs below have the lowest correlation with AXTA — they tend to move on their own, which can help reduce risk when AXTA drops. The stock ideas table highlights individual companies that behave independently from AXTA.
Best Diversifiers for AXTA
0 ETFs have low correlation with AXTA (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.44, down from 0.58 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.44 | 0.50 | 0.58 | 70 | S&P 500 | AXTA vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AXTA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AXTA and solid risk/return profiles. The least correlated is The Ensign Group, Inc. (ENSG) (Healthcare) with a 1Y correlation of 0.18, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Ensign Group, Inc. | 0.18 | 0.26 | 0.31 | 52 | Healthcare | |
| Albemarle Corporation | 0.24 | 0.39 | 0.42 | 93 | Basic Materials | |
| Cadence Design Systems, Inc. | 0.25 | 0.31 | 0.39 | 68 | Technology | |
| AGCO Corporation | 0.38 | 0.41 | 0.46 | 59 | Industrials | |
| Flowserve Corporation | 0.45 | 0.50 | 0.51 | 74 | Industrials |
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