Looking to balance out your exposure to AXTI? The ETFs below have the lowest correlation with AXTI — they tend to move on their own, which can help reduce risk when AXTI drops. The stock ideas table highlights individual companies that behave independently from AXTI.
Best Diversifiers for AXTI
5 ETFs have low correlation with AXTI (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.11, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.11 | -0.03 | 0.01 | 100 | Ultrashort Bond | AXTI vs SGOV | |
| Breakwave Tanker Shipping ETF | 0.05 | 0.05 | 0.04 | 99 | Commodities | AXTI vs BWET | |
| Direxion Daily South Korea Bull 3X Shares | 0.25 | 0.29 | 0.34 | 97 | Leveraged Equities | AXTI vs KORU | |
| iShares MSCI South Korea ETF | 0.25 | 0.28 | 0.34 | 96 | Asia Pacific Equities | AXTI vs EWY | |
| Vanguard S&P 500 ETF | 0.28 | 0.34 | 0.43 | 70 | S&P 500 | AXTI vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AXTI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AXTI and solid risk/return profiles. The least correlated is Elbit Systems Ltd (ESLT) (Industrials) with a 1Y correlation of -0.04, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Elbit Systems Ltd | -0.04 | 0.03 | 0.09 | 88 | Industrials | |
| Brookdale Senior Living Inc. | 0.00 | 0.15 | 0.22 | 86 | Healthcare | |
| Commercial International Bank | 0.02 | 0.04 | 0.07 | 82 | Financial Services | |
| Nordic Semiconductor ASA | 0.03 | 0.08 | — | 89 | Technology | |
| Reddit, Inc. | 0.03 | 0.13 | 0.13 | 62 | Communication Services |
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