Looking to balance out your exposure to EQIX? The ETFs below have the lowest correlation with EQIX — they tend to move on their own, which can help reduce risk when EQIX drops. The stock ideas table highlights individual companies that behave independently from EQIX.
Best Diversifiers for EQIX
142 ETFs have low correlation with EQIX (below 0.3), 6 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.09, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.09 | 0.01 | 0.02 | 100 | Ultrashort Bond | EQIX vs SGOV | |
| Alerian MLP ETF | -0.03 | 0.19 | 0.21 | 56 | MLPs | EQIX vs AMLP | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.01 | 0.03 | 0.03 | 57 | Commodities | EQIX vs PDBC | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.01 | -0.03 | 0.03 | 100 | Government Bonds, Ultrashort Bond | EQIX vs BIL | |
| Invesco DB Commodity Index Tracking Fund | -0.01 | 0.03 | 0.04 | 56 | Commodities | EQIX vs DBC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EQIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EQIX and solid risk/return profiles. The least correlated is Devon Energy Corporation (DVN) (Energy) with a 1Y correlation of -0.05, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Devon Energy Corporation | -0.05 | 0.06 | 0.08 | 76 | Energy | |
| Equinor ASA | -0.04 | 0.04 | 0.06 | 77 | Energy | |
| EOG Resources, Inc. | -0.01 | 0.06 | 0.08 | 66 | Energy | |
| Diamondback Energy, Inc. | 0.01 | 0.07 | 0.08 | 80 | Energy | |
| Occidental Petroleum Corporation | 0.01 | 0.05 | 0.07 | 67 | Energy |
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Build a portfolio that complements EQIX
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