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
136 ETFs have low correlation with EQIX (below 0.3), 9 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.11, 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 | -0.11 | 0.00 | 0.02 | 100 | Ultrashort Bond | EQIX vs SGOV | |
| ProShares Ultra Bloomberg Crude Oil | -0.07 | -0.02 | -0.01 | 54 | Leveraged Commodities | EQIX vs UCO | |
| United States Oil Fund LP | -0.07 | -0.03 | -0.01 | 66 | Oil & Gas | EQIX vs USO | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.02 | -0.03 | 0.01 | 100 | Government Bonds, Ultrashort Bond | EQIX vs BIL | |
| Vanguard 0-3 Month Treasury Bill ETF | -0.01 | — | — | 100 | Ultrashort Bond | EQIX vs VBIL |
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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 Equinor ASA (EQNR) (Energy) with a 1Y correlation of -0.06, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinor ASA | -0.06 | 0.05 | 0.06 | 82 | Energy | |
| Diamondback Energy, Inc. | -0.05 | 0.05 | 0.06 | 82 | Energy | |
| Chevron Corporation | -0.03 | 0.04 | 0.06 | 83 | Energy | |
| Energy Transfer LP | -0.01 | 0.23 | 0.20 | 69 | Energy | |
| Exxon Mobil Corporation | -0.01 | 0.06 | 0.05 | 85 | Energy |
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Build a portfolio that complements EQIX
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