Looking to balance out your exposure to DXLG? The ETFs below have historically moved differently from DXLG, 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 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 0.20, down from 0.37 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.20 | 0.28 | 0.37 | 68 | S&P 500 | DXLG vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DXLG, 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 Sigma Lithium Resources Corp (SGML) (Basic Materials) with a 1Y correlation of -0.03, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sigma Lithium Resources Corp | -0.03 | 0.09 | 0.15 | 78 | Basic Materials | |
| Arch Capital Group Ltd. | 0.03 | 0.04 | 0.11 | 67 | Financial Services | |
| Alliance Resource Partners, L.P. | 0.04 | 0.09 | 0.14 | 54 | Energy | |
| Rambus Inc. | 0.12 | 0.19 | 0.27 | 57 | Technology | |
| MYR Group Inc. | 0.13 | 0.19 | 0.25 | 83 | Industrials |
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