Looking to balance out your exposure to EXK? The ETFs below have the lowest correlation with EXK — they tend to move on their own, which can help reduce risk when EXK drops. The stock ideas table highlights individual companies that behave independently from EXK.
Best Diversifiers for EXK
2 ETFs have low correlation with EXK (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core High Dividend ETF (HDV) (Dividend) with a 1Y correlation of 0.05, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core High Dividend ETF | 0.05 | 0.13 | 0.22 | 85 | Dividend, Large Cap Value Equities | EXK vs HDV | |
| Schwab U.S. Dividend Equity ETF | 0.14 | 0.16 | 0.23 | 91 | Dividend | EXK vs SCHD | |
| Capital Group Dividend Value ETF | 0.39 | 0.34 | — | 70 | Large Cap Value Equities, Dividend | EXK vs CGDV | |
| Goldman Sachs S&P 500 Premium Income ETF | 0.42 | — | — | 76 | Derivative Income, S&P 500 | EXK vs GPIX | |
| Vanguard Total Stock Market ETF | 0.43 | 0.34 | 0.32 | 66 | Large Cap Blend Equities | EXK vs VTI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EXK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EXK and solid risk/return profiles. The least correlated is SM Energy Company (SM) (Energy) with a 1Y correlation of -0.10, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| SM Energy Company | -0.10 | 0.07 | 0.17 | 58 | Energy | |
| Texas Pacific Land Corporation | 0.06 | 0.15 | 0.20 | 62 | Energy | |
| Eversource Energy | 0.07 | 0.10 | 0.11 | 69 | Utilities | |
| Elbit Systems Ltd | 0.14 | 0.12 | 0.15 | 83 | Industrials | |
| Nucor Corporation | 0.15 | 0.18 | 0.23 | 92 | Basic Materials |
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