Looking to balance out your exposure to AXTI? The ETFs below have historically moved differently from AXTI, 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 AXTI
4 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 -0.12, down from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.12 | -0.04 | -0.01 | 100 | Ultrashort Bond | AXTI vs SGOV | |
| Global X 1-3 Month T-Bill ETF | 0.01 | -0.00 | — | 100 | Ultrashort Bond | AXTI vs CLIP | |
| Breakwave Tanker Shipping ETF | 0.12 | 0.05 | — | 99 | Commodities | AXTI vs BWET | |
| GraniteShares 2x Long DELL Daily ETF | 0.25 | — | — | 96 | Leveraged Equities | AXTI vs DLLL | |
| GraniteShares 2x Long INTC Daily ETF | 0.31 | — | — | 97 | Leveraged Equities | AXTI vs INTW |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AXTI, 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 Elbit Systems Ltd. (ESLT) (Industrials) with a 1Y correlation of -0.02, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Elbit Systems Ltd. | -0.02 | 0.02 | 0.09 | 85 | Industrials | |
| Brookdale Senior Living Inc. | -0.01 | 0.11 | 0.20 | 88 | Healthcare | |
| Commercial International Bank | 0.04 | 0.06 | 0.08 | 79 | Financial Services | |
| Celcuity Inc. | 0.05 | 0.17 | 0.17 | 84 | Healthcare | |
| Cytokinetics, Incorporated | 0.05 | 0.12 | 0.18 | 94 | Healthcare |
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