Looking to balance out your exposure to EXP? The ETFs below have historically moved differently from EXP, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for EXP
3 ETFs have low correlation with EXP (below 0.3), 3 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MicroSectors U.S. Big Oil Index 3X Leveraged ETN | -0.13 | — | — | 53 | Leveraged Equities | EXP vs NRGU | |
| ProShares Ultra Energy | -0.11 | 0.15 | 0.26 | 56 | Leveraged Equities | EXP vs DIG | |
| State Street Energy Select Sector SPDR ETF | -0.10 | 0.16 | 0.26 | 61 | Energy Equities | EXP vs XLE | |
| Vanguard S&P 500 ETF | 0.39 | 0.55 | 0.60 | 72 | S&P 500 | EXP vs VOO | |
| State Street SPDR S&P 500 ETF | 0.39 | 0.55 | 0.60 | 71 | S&P 500 | EXP vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EXP, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Fortinet, Inc. (FTNT) (Technology) with a 1Y correlation of -0.02, down from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fortinet, Inc. | -0.02 | 0.17 | 0.29 | 83 | Technology | |
| W. R. Berkley Corporation | 0.01 | 0.15 | 0.28 | 50 | Financial Services | |
| The Coca-Cola Company | 0.03 | 0.09 | 0.19 | 86 | Consumer Defensive | |
| Cloudflare, Inc. | 0.05 | 0.26 | 0.32 | 65 | Technology | |
| NVIDIA Corporation | 0.05 | 0.26 | 0.36 | 63 | Technology |
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