Looking to balance out your exposure to CXM? The ETFs below have historically moved differently from CXM, 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 CXM
1 ETFs have low correlation with CXM (below 0.3), 1 of which are negatively correlated. The least correlated is Global X Data Center & Digital Infrastructure ETF (DTCR) (REIT) with a 1Y correlation of -0.08, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Data Center & Digital Infrastructure ETF | -0.08 | 0.19 | 0.30 | 74 | REIT | CXM vs DTCR |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CXM, 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 Ondas Holdings Inc. (ONDS) (Technology) with a 1Y correlation of 0.05, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ondas Holdings Inc. | 0.05 | 0.13 | 0.22 | 90 | Technology | |
| Live Nation Entertainment, Inc. | 0.23 | 0.28 | 0.37 | 61 | Communication Services |
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