Looking to balance out your exposure to EXE? The ETFs below have the lowest correlation with EXE — they tend to move on their own, which can help reduce risk when EXE drops. The stock ideas table highlights individual companies that behave independently from EXE.
Best Diversifiers for EXE
5 ETFs have low correlation with EXE (below 0.3), 4 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of -0.10, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | -0.10 | 0.11 | 0.19 | 96 | Semiconductors, Technology Equities | EXE vs SMH | |
| Vanguard Information Technology ETF | -0.08 | 0.11 | 0.19 | 76 | Technology Equities | EXE vs VGT | |
| Invesco S&P 500 Momentum ETF | -0.03 | 0.18 | 0.29 | 75 | Momentum, S&P 500 | EXE vs SPMO | |
| Invesco Variable Rate Preferred ETF | -0.03 | 0.15 | 0.19 | 71 | Preferred Stock/Convertible Bonds | EXE vs VRP | |
| Janus Henderson AAA CLO ETF | 0.05 | 0.05 | 0.03 | 98 | CLO | EXE vs JAAA |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EXE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EXE and solid risk/return profiles. The least correlated is Nova Ltd (NVMI) (Technology) with a 1Y correlation of -0.13, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nova Ltd | -0.13 | 0.07 | 0.13 | 92 | Technology | |
| Dover Corporation | -0.11 | 0.18 | 0.25 | 65 | Industrials | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.09 | 0.09 | 0.15 | 95 | Technology | |
| Emerson Electric Co. | -0.08 | 0.15 | 0.26 | 57 | Industrials | |
| NVIDIA Corporation | -0.07 | 0.07 | 0.14 | 78 | Technology |
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