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
6 ETFs have low correlation with DXCM (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.17, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.17 | 0.19 | 0.30 | 85 | Dividend | DXCM vs SCHD | |
| SP Funds S&P 500 Sharia Industry Exclusions ETF | 0.26 | 0.31 | 0.44 | 82 | S&P 500 | DXCM vs SPUS | |
| Invesco QQQ ETF | 0.26 | 0.31 | 0.44 | 74 | Nasdaq-100 | DXCM vs QQQ | |
| Wahed Dow Jones Islamic World ETF | 0.29 | 0.27 | 0.37 | 76 | Foreign Large Cap Equities | DXCM vs UMMA | |
| Wahed FTSE USA Shariah ETF | 0.29 | 0.31 | 0.43 | 89 | Large Cap Growth Equities | DXCM vs HLAL |
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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 Diamondback Energy, Inc. (FANG) (Energy) with a 1Y correlation of -0.08, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Diamondback Energy, Inc. | -0.08 | -0.00 | 0.06 | 81 | Energy | |
| ConocoPhillips Company | -0.06 | -0.03 | 0.01 | 78 | Energy | |
| Exxon Mobil Corporation | -0.06 | -0.02 | 0.02 | 86 | Energy | |
| Exelon Corporation | -0.04 | -0.00 | 0.12 | 53 | Utilities | |
| Intel Corporation | 0.01 | 0.13 | 0.22 | 98 | Technology |
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