Looking to balance out your exposure to CXDO? The ETFs below have the lowest correlation with CXDO — they tend to move on their own, which can help reduce risk when CXDO drops. The stock ideas table highlights individual companies that behave independently from CXDO.
Best Diversifiers for CXDO
0 ETFs have low correlation with CXDO (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 0.45, up from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.45 | 0.42 | 0.30 | 59 | S&P 500 | CXDO vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CXDO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CXDO and solid risk/return profiles. The least correlated is Evergy, Inc. (EVRG) (Utilities) with a 1Y correlation of -0.03, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Evergy, Inc. | -0.03 | -0.01 | 0.01 | 85 | Utilities | |
| Nebius Group N.V. | 0.14 | — | — | 96 | Communication Services | |
| Kratos Defense & Security Solutions, Inc. | 0.15 | 0.20 | 0.18 | 50 | Industrials | |
| Celestica Inc. | 0.15 | 0.27 | 0.23 | 88 | Technology | |
| Argan, Inc. | 0.19 | 0.21 | 0.15 | 96 | Industrials |
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