Looking to balance out your exposure to EXAS? The ETFs below have the lowest correlation with EXAS — they tend to move on their own, which can help reduce risk when EXAS drops. The stock ideas table highlights individual companies that behave independently from EXAS.
Best Diversifiers for EXAS
9 ETFs have low correlation with EXAS (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco BulletShares 2028 Municipal Bond ETF (BSMS) (Municipal Bonds) with a 1Y correlation of -0.02, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco BulletShares 2028 Municipal Bond ETF | -0.02 | 0.05 | 0.08 | 80 | Municipal Bonds | EXAS vs BSMS | |
| Invesco BulletShares 2027 Municipal Bond ETF | 0.01 | 0.06 | 0.07 | 93 | Municipal Bonds | EXAS vs BSMR | |
| Vanguard S&P 500 ETF | 0.05 | 0.28 | 0.41 | 74 | S&P 500 | EXAS vs VOO | |
| State Street SPDR S&P 500 ETF | 0.05 | 0.28 | 0.41 | 74 | S&P 500 | EXAS vs SPY | |
| Invesco BulletShares 2029 Municipal Bond ETF | 0.06 | 0.09 | 0.09 | 80 | Municipal Bonds | EXAS vs BSMT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EXAS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EXAS and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.13, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.13 | 0.11 | 0.26 | 80 | Technology | |
| Broadcom Inc. | -0.10 | 0.11 | 0.25 | 76 | Technology | |
| Credo Technology Group Holding Ltd | -0.09 | 0.15 | 0.22 | 85 | Technology | |
| IonQ, Inc. | -0.07 | 0.16 | 0.30 | 64 | Technology | |
| Dell Technologies Inc. | -0.06 | 0.09 | 0.18 | 96 | Technology |
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