Looking to balance out your exposure to EXPO? The ETFs below have the lowest correlation with EXPO — they tend to move on their own, which can help reduce risk when EXPO drops. The stock ideas table highlights individual companies that behave independently from EXPO.
Best Diversifiers for EXPO
9 ETFs have low correlation with EXPO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Expanded Tech Sector ETF (IGM) (Technology Equities) with a 1Y correlation of 0.16, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Expanded Tech Sector ETF | 0.16 | 0.25 | 0.37 | 79 | Technology Equities | EXPO vs IGM | |
| State Street Technology Select Sector SPDR ETF | 0.16 | 0.24 | 0.38 | 83 | Technology Equities | EXPO vs XLK | |
| Fidelity MSCI Information Technology Index ETF | 0.17 | 0.26 | 0.39 | 77 | Technology Equities | EXPO vs FTEC | |
| Vanguard Information Technology ETF | 0.18 | 0.26 | 0.39 | 76 | Technology Equities | EXPO vs VGT | |
| First Trust IndXX NextG ETF | 0.19 | 0.32 | 0.40 | 96 | Technology Equities | EXPO vs NXTG |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EXPO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EXPO and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.00, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.00 | 0.09 | 0.24 | 78 | Technology | |
| UnitedHealth Group Incorporated | 0.02 | 0.10 | 0.22 | 61 | Healthcare | |
| Entergy Corporation | 0.06 | 0.19 | 0.25 | 83 | Utilities | |
| Quanta Services, Inc. | 0.06 | 0.26 | 0.37 | 93 | Industrials | |
| Comfort Systems USA, Inc. | 0.07 | 0.25 | 0.36 | 98 | Industrials |
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