Looking to diversify beyond AXTX? The ETFs below have the lowest correlation with AXTX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from AXTX.
Best Diversifiers for AXTX
3 ETFs have low correlation with AXTX (below 0.3), 0 of which are negatively correlated. The least correlated is Innovator U.S. Equity Accelerated Plus ETF (XTAP) (Leveraged Equities) with a 1Y correlation of 0.18, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | 0.18 | 0.18 | 0.18 | 98 | Leveraged Equities | AXTX vs XTAP | |
| GraniteShares 2x Long MU Daily ETF | 0.24 | 0.24 | 0.24 | 98 | Leveraged Equities | AXTX vs MULL | |
| Innovator Growth Accelerated Plus ETF - April | 0.25 | 0.25 | 0.25 | 97 | Leveraged Equities | AXTX vs QTAP |
Diversification Analysis
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