Looking to balance out your exposure to EXEL? The ETFs below have the lowest correlation with EXEL — they tend to move on their own, which can help reduce risk when EXEL drops. The stock ideas table highlights individual companies that behave independently from EXEL.
Best Diversifiers for EXEL
2 ETFs have low correlation with EXEL (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.23, roughly unchanged from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.23 | 0.15 | 0.22 | 96 | Semiconductors, Technology Equities | EXEL vs SMH | |
| Pacific Global Senior Loan ETF | 0.24 | 0.18 | 0.15 | 85 | High Yield Bonds | EXEL vs FLRT | |
| Invesco S&P 500 Momentum ETF | 0.31 | 0.25 | 0.28 | 75 | Momentum, S&P 500 | EXEL vs SPMO | |
| Schwab U.S. Dividend Equity ETF | 0.32 | 0.31 | 0.34 | 80 | Dividend | EXEL vs SCHD | |
| Invesco QQQ ETF | 0.32 | 0.23 | 0.29 | 73 | Nasdaq-100 | EXEL vs QQQ |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EXEL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EXEL and solid risk/return profiles. The least correlated is Valero Energy Corporation (VLO) (Energy) with a 1Y correlation of -0.04, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Valero Energy Corporation | -0.04 | 0.07 | 0.13 | 93 | Energy | |
| TechnipFMC plc | -0.04 | 0.09 | 0.16 | 96 | Energy | |
| JSC National Atomic Company Kazatomprom | -0.04 | 0.04 | — | 89 | Energy | |
| Duke Energy Corporation | 0.01 | 0.09 | 0.13 | 53 | Utilities | |
| Fortress Transportation and Preferred Series C | 0.03 | 0.11 | 0.09 | 83 | Industrials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements EXEL
Add EXEL to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with EXEL