Looking to balance out your exposure to DXPE? The ETFs below have historically moved differently from DXPE, 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 DXPE
2 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 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | -0.09 | 0.01 | 0.06 | 92 | Inflation-Protected Bonds | DXPE vs VTIP | |
| Global X MSCI Greece ETF | 0.27 | 0.24 | 0.24 | 58 | Emerging Markets Equities | DXPE vs GREK | |
| Vanguard S&P 500 ETF | 0.48 | 0.47 | 0.45 | 68 | S&P 500 | DXPE vs VOO | |
| State Street SPDR S&P 500 ETF | 0.48 | 0.47 | 0.45 | 67 | S&P 500 | DXPE vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DXPE, 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 Devon Energy Corporation (DVN) (Energy) with a 1Y correlation of -0.05, down from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Devon Energy Corporation | -0.05 | 0.17 | 0.29 | 76 | Energy | |
| Berkshire Hathaway Inc. | 0.00 | 0.20 | 0.29 | 61 | Financial Services | |
| Trevi Therapeutics, Inc. | 0.05 | 0.15 | 0.13 | 92 | Healthcare | |
| Aveanna Healthcare Holdings Inc. | 0.05 | 0.22 | 0.19 | 91 | Healthcare | |
| uniQure N.V. | 0.09 | 0.16 | 0.19 | 84 | Healthcare |
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