Looking to balance out your exposure to EXPO? The ETFs below have historically moved differently from EXPO, 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 EXPO
9 ETFs have low correlation with EXPO (below 0.3), 2 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of -0.02, down from 0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | -0.02 | 0.19 | 0.34 | 60 | Technology Equities | EXPO vs XLK | |
| First Trust IndXX NextG ETF | -0.00 | 0.26 | 0.37 | 86 | Technology Equities | EXPO vs NXTG | |
| iShares Expanded Tech Sector ETF | 0.02 | 0.20 | 0.35 | 58 | Technology Equities | EXPO vs IGM | |
| Fidelity MSCI Information Technology Index ETF | 0.02 | 0.21 | 0.35 | 58 | Technology Equities | EXPO vs FTEC | |
| Vanguard Information Technology ETF | 0.02 | 0.21 | 0.36 | 57 | Technology Equities | EXPO vs VGT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EXPO, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.06, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.06 | 0.06 | 0.22 | 63 | Technology | |
| Quanta Services, Inc. | -0.05 | 0.20 | 0.33 | 87 | Industrials | |
| Comfort Systems USA, Inc. | -0.04 | 0.19 | 0.32 | 95 | Industrials | |
| NextEra Energy, Inc. | -0.04 | 0.12 | 0.24 | 74 | Utilities | |
| MasTec, Inc. | -0.03 | 0.21 | 0.31 | 72 | Industrials |
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