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
4 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 -0.16, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | -0.16 | 0.01 | 0.06 | 93 | Inflation-Protected Bonds | DXPE vs VTIP | |
| Sprott Physical Silver Trust | 0.04 | 0.07 | 0.12 | 79 | Silver, Precious Metals | DXPE vs PSLV | |
| iShares MSCI Global Silver and Metals Miners ETF | 0.14 | 0.16 | 0.20 | 55 | Silver, Precious Metals | DXPE vs SLVP | |
| Defiance Daily Target 2X Long AVGO ETF | 0.25 | — | — | 50 | Leveraged Equities | DXPE vs AVGX | |
| Vanguard S&P 500 ETF | 0.44 | 0.45 | 0.45 | 70 | S&P 500 | DXPE vs VOO |
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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 AppLovin Corporation (APP) (Technology) with a 1Y correlation of 0.04, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AppLovin Corporation | 0.04 | 0.21 | 0.19 | 59 | Technology | |
| Gold Fields Limited | 0.06 | 0.07 | 0.08 | 69 | Basic Materials | |
| Elbit Systems Ltd | 0.06 | 0.12 | 0.15 | 88 | Industrials | |
| International Business Machines Corporation | 0.08 | 0.19 | 0.28 | 53 | Technology | |
| uniQure N.V. | 0.09 | 0.17 | 0.20 | 71 | Healthcare |
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Build a portfolio that complements DXPE
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