Looking to balance out your exposure to EXLS? The ETFs below have the lowest correlation with EXLS — they tend to move on their own, which can help reduce risk when EXLS drops. The stock ideas table highlights individual companies that behave independently from EXLS.
Best Diversifiers for EXLS
2 ETFs have low correlation with EXLS (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.11, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.11 | 0.37 | 0.48 | 59 | S&P 500 | EXLS vs VOO | |
| State Street SPDR S&P 500 ETF | 0.11 | 0.37 | 0.48 | 59 | S&P 500 | EXLS vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EXLS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EXLS and solid risk/return profiles. The least correlated is Comfort Systems USA, Inc. (FIX) (Industrials) with a 1Y correlation of -0.25, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Comfort Systems USA, Inc. | -0.25 | 0.15 | 0.30 | 97 | Industrials | |
| Micron Technology, Inc. | -0.24 | 0.03 | 0.17 | 99 | Technology | |
| KLA Corporation | -0.22 | 0.12 | 0.27 | 92 | Technology | |
| Quanta Services, Inc. | -0.21 | 0.15 | 0.29 | 84 | Industrials | |
| Advanced Micro Devices, Inc. | -0.19 | 0.07 | 0.19 | 96 | Technology |
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