Looking to balance out your exposure to DXLG? The ETFs below have the lowest correlation with DXLG — they tend to move on their own, which can help reduce risk when DXLG drops. The stock ideas table highlights individual companies that behave independently from DXLG.
Best Diversifiers for DXLG
1 ETFs have low correlation with DXLG (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.25, down from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.25 | 0.30 | 0.39 | 70 | S&P 500 | DXLG vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DXLG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DXLG and solid risk/return profiles. The least correlated is Axcelis Technologies, Inc. (ACLS) (Technology) with a 1Y correlation of 0.24, roughly unchanged from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Axcelis Technologies, Inc. | 0.24 | 0.24 | 0.33 | 92 | Technology |
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