Looking to balance out your exposure to DXCM? The ETFs below have the lowest correlation with DXCM — they tend to move on their own, which can help reduce risk when DXCM drops. The stock ideas table highlights individual companies that behave independently from DXCM.
Best Diversifiers for DXCM
11 ETFs have low correlation with DXCM (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Treasury Floating Rate Bond ETF (TFLO) (Government Bonds) with a 1Y correlation of 0.01, roughly unchanged from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Treasury Floating Rate Bond ETF | 0.01 | -0.05 | -0.06 | 100 | Government Bonds, Ultrashort Bond | DXCM vs TFLO | |
| Invesco S&P 500 Momentum ETF | 0.11 | 0.24 | 0.35 | 51 | Momentum, S&P 500 | DXCM vs SPMO | |
| Invesco QQQ ETF | 0.18 | 0.28 | 0.43 | 53 | Nasdaq-100 | DXCM vs QQQ | |
| SP Funds S&P 500 Sharia Industry Exclusions ETF | 0.18 | 0.28 | 0.43 | 65 | S&P 500 | DXCM vs SPUS | |
| Wahed Dow Jones Islamic World ETF | 0.20 | 0.24 | — | 59 | Foreign Large Cap Equities | DXCM vs UMMA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DXCM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DXCM and solid risk/return profiles. The least correlated is Texas Pacific Land Corporation (TPL) (Energy) with a 1Y correlation of -0.08, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Texas Pacific Land Corporation | -0.08 | 0.06 | 0.13 | 62 | Energy | |
| Exxon Mobil Corporation | -0.05 | -0.01 | 0.04 | 78 | Energy | |
| ConocoPhillips Company | -0.05 | -0.02 | 0.02 | 69 | Energy | |
| Intel Corporation | -0.04 | 0.12 | 0.21 | 98 | Technology | |
| Diamondback Energy, Inc. | -0.02 | 0.02 | 0.07 | 80 | Energy |
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