Looking to balance out your exposure to EXP? The ETFs below have the lowest correlation with EXP — they tend to move on their own, which can help reduce risk when EXP drops. The stock ideas table highlights individual companies that behave independently from EXP.
Best Diversifiers for EXP
3 ETFs have low correlation with EXP (below 0.3), 2 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MicroSectors U.S. Big Oil Index 3X Leveraged ETN | -0.02 | — | — | 64 | Leveraged Equities | EXP vs NRGU | |
| State Street Energy Select Sector SPDR ETF | -0.00 | 0.20 | 0.30 | 70 | Energy Equities | EXP vs XLE | |
| ProShares Ultra Oil & Gas | 0.00 | 0.20 | 0.30 | 68 | Leveraged Equities | EXP vs DIG | |
| Vanguard S&P 500 ETF | 0.43 | 0.56 | 0.61 | 74 | S&P 500 | EXP vs VOO | |
| State Street SPDR S&P 500 ETF | 0.43 | 0.56 | 0.61 | 74 | S&P 500 | EXP vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EXP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EXP and solid risk/return profiles. The least correlated is Fortinet, Inc. (FTNT) (Technology) with a 1Y correlation of -0.01, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fortinet, Inc. | -0.01 | 0.20 | 0.31 | 69 | Technology | |
| AppLovin Corporation | 0.04 | 0.23 | 0.30 | 57 | Technology | |
| NVIDIA Corporation | 0.05 | 0.27 | 0.36 | 80 | Technology | |
| Cloudflare, Inc. | 0.07 | 0.29 | 0.33 | 69 | Technology | |
| The Coca-Cola Company | 0.08 | 0.10 | 0.20 | 62 | Consumer Defensive |
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