Looking to balance out your exposure to DXPE? The ETFs below have the lowest correlation with DXPE — they tend to move on their own, which can help reduce risk when DXPE drops. The stock ideas table highlights individual companies that behave independently from DXPE.
Best Diversifiers for DXPE
1 ETFs have low correlation with DXPE (below 0.3), 1 of which are negatively correlated. The least correlated is Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) (Inflation-Protected Bonds) with a 1Y correlation of -0.09, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | -0.09 | 0.02 | 0.07 | 91 | Inflation-Protected Bonds | DXPE vs VTIP | |
| Vanguard S&P 500 ETF | 0.46 | 0.46 | 0.46 | 66 | S&P 500 | DXPE vs VOO | |
| State Street SPDR S&P 500 ETF | 0.47 | 0.47 | 0.46 | 66 | S&P 500 | DXPE vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DXPE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DXPE and solid risk/return profiles. The least correlated is Devon Energy Corporation (DVN) (Energy) with a 1Y correlation of -0.04, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Devon Energy Corporation | -0.04 | 0.18 | 0.30 | 72 | Energy | |
| Berkshire Hathaway Inc. | 0.02 | 0.22 | 0.30 | 53 | Financial Services | |
| AppLovin Corporation | 0.03 | 0.21 | 0.20 | 60 | Communication Services | |
| Trevi Therapeutics, Inc. | 0.04 | 0.15 | 0.13 | 93 | Healthcare | |
| Aveanna Healthcare Holdings Inc. | 0.07 | 0.23 | 0.20 | 91 | Healthcare |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements DXPE
Add DXPE to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DXPE