Looking to balance out your exposure to EFXT? The ETFs below have the lowest correlation with EFXT — they tend to move on their own, which can help reduce risk when EFXT drops. The stock ideas table highlights individual companies that behave independently from EFXT.
Best Diversifiers for EFXT
4 ETFs have low correlation with EFXT (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.25, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.25 | 0.29 | 0.26 | 53 | Nasdaq-100 | EFXT vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.25 | 0.32 | 0.31 | 65 | S&P 500 | EFXT vs SPY | |
| United States Gasoline Fund LP | 0.27 | 0.28 | 0.32 | 84 | Oil & Gas | EFXT vs UGA | |
| iShares MSCI USA Value Factor ETF | 0.29 | 0.34 | 0.35 | 96 | Large Cap Value Equities | EFXT vs VLUE | |
| SPDR S&P Oil & Gas Equipment & Services ETF | 0.54 | 0.57 | 0.54 | 86 | Energy Equities | EFXT vs XES |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EFXT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EFXT and solid risk/return profiles. The least correlated is Tenet Healthcare Corporation (THC) (Healthcare) with a 1Y correlation of 0.00, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tenet Healthcare Corporation | 0.00 | 0.11 | 0.14 | 56 | Healthcare | |
| PROG Holdings, Inc. | 0.07 | 0.20 | 0.19 | 83 | Industrials | |
| Eldorado Gold Corporation | 0.14 | 0.16 | 0.21 | 64 | Basic Materials | |
| Graham Corporation | 0.22 | 0.28 | 0.22 | 90 | Industrials | |
| NVIDIA Corporation | 0.24 | 0.23 | 0.22 | 63 | Technology |
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