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
4 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 0.19, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.19 | 0.14 | 0.21 | 94 | Semiconductors, Technology Equities | EXEL vs SMH | |
| Pacific Global Senior Loan ETF | 0.21 | 0.18 | 0.14 | 85 | High Yield Bonds | EXEL vs FLRT | |
| Invesco QQQ ETF | 0.26 | 0.21 | 0.29 | 59 | Nasdaq-100 | EXEL vs QQQ | |
| Invesco S&P 500 Momentum ETF | 0.28 | 0.23 | 0.28 | 70 | Momentum, S&P 500 | EXEL vs SPMO | |
| Schwab U.S. Dividend Equity ETF | 0.31 | 0.32 | 0.34 | 77 | Dividend | EXEL vs SCHD |
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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 JSC National Atomic Company Kazatomprom (NATKY) (Energy) with a 1Y correlation of -0.07, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| JSC National Atomic Company Kazatomprom | -0.07 | 0.03 | 0.04 | 82 | Energy | |
| Energy Transfer LP | -0.06 | 0.07 | 0.17 | 70 | Energy | |
| Valero Energy Corporation | -0.05 | 0.07 | 0.12 | 91 | Energy | |
| Marathon Petroleum Corporation | -0.04 | 0.07 | 0.15 | 82 | Energy | |
| TechnipFMC plc | -0.03 | 0.09 | 0.16 | 94 | Energy |
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