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
13 ETFs have low correlation with EXEL (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Oil Services ETF (OIH) (Energy Equities) with a 1Y correlation of 0.06, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Oil Services ETF | 0.06 | 0.12 | 0.17 | 78 | Energy Equities | EXEL vs OIH | |
| VanEck Semiconductor ETF | 0.17 | 0.14 | 0.21 | 90 | Semiconductors, Technology Equities | EXEL vs SMH | |
| Pacific Global Senior Loan ETF | 0.18 | 0.18 | 0.14 | 87 | High Yield Bonds | EXEL vs FLRT | |
| Invesco S&P 500 Momentum ETF | 0.19 | 0.22 | 0.27 | 51 | Momentum, S&P 500 | EXEL vs SPMO | |
| ProShares Nanotechnology ETF | 0.21 | 0.20 | — | 84 | Technology Equities | EXEL vs TINY |
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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 Cheniere Energy, Inc. (LNG) (Energy) with a 1Y correlation of -0.10, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cheniere Energy, Inc. | -0.10 | 0.09 | 0.12 | 57 | Energy | |
| Valero Energy Corporation | -0.08 | 0.06 | 0.11 | 97 | Energy | |
| Arista Networks, Inc. | -0.05 | 0.04 | 0.14 | 74 | Technology | |
| Marathon Petroleum Corporation | -0.05 | 0.06 | 0.13 | 93 | Energy | |
| JSC National Atomic Company Kazatomprom | -0.04 | 0.04 | — | 78 | Energy |
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