Looking to balance out your exposure to EFXT? The ETFs below have historically moved differently from EFXT, 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 EFXT
3 ETFs have low correlation with EFXT (below 0.3), 0 of which are negatively correlated. The least correlated is United States Gasoline Fund, LP (UGA) (Oil & Gas) with a 1Y correlation of 0.24, roughly unchanged from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund, LP | 0.24 | 0.28 | 0.32 | 72 | Oil & Gas | EFXT vs UGA | |
| State Street SPDR S&P 500 ETF | 0.27 | 0.32 | 0.32 | 71 | S&P 500 | EFXT vs SPY | |
| Invesco QQQ ETF | 0.27 | 0.30 | 0.27 | 54 | Nasdaq-100 | EFXT vs QQQ | |
| iShares MSCI USA Value Factor ETF | 0.31 | 0.35 | 0.36 | 97 | Large Cap Value Equities | EFXT vs VLUE | |
| SPDR S&P Oil & Gas Equipment & Services ETF | 0.57 | 0.58 | 0.55 | 80 | Energy Equities | EFXT vs XES |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EFXT, 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 Tenet Healthcare Corporation (THC) (Healthcare) with a 1Y correlation of -0.03, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tenet Healthcare Corporation | -0.03 | 0.09 | 0.14 | 80 | Healthcare | |
| PROG Holdings, Inc. | 0.06 | 0.20 | 0.19 | 75 | Industrials | |
| Eldorado Gold Corporation | 0.16 | 0.17 | 0.21 | 70 | Basic Materials | |
| Tsakos Energy Navigation Ltd | 0.24 | 0.24 | 0.24 | 93 | Energy | |
| Curtiss-Wright Corporation | 0.26 | 0.29 | 0.29 | 82 | Industrials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements EFXT
Add EFXT to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with EFXT