Looking to balance out your exposure to CXE? The ETFs below have historically moved differently from CXE, 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 CXE
1 ETFs have low correlation with CXE (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Tax-Exempt Bond ETF (VTEB) (Municipal Bonds) with a 1Y correlation of 0.24, down from 0.40 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Tax-Exempt Bond ETF | 0.24 | 0.41 | 0.40 | 74 | Municipal Bonds | CXE vs VTEB |
Diversification Analysis
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