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 State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of 0.12, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | 0.12 | 0.23 | 0.37 | 66 | Technology Equities | EXPO vs XLK | |
| iShares Expanded Tech Sector ETF | 0.14 | 0.25 | 0.37 | 61 | Technology Equities | EXPO vs IGM | |
| Invesco QQQ ETF | 0.15 | 0.26 | 0.38 | 59 | Nasdaq-100 | EXPO vs QQQ | |
| Fidelity MSCI Information Technology Index ETF | 0.16 | 0.26 | 0.38 | 60 | Technology Equities | EXPO vs FTEC | |
| Vanguard Information Technology ETF | 0.16 | 0.26 | 0.38 | 58 | Technology Equities | EXPO vs VGT |
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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 -0.02, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.02 | 0.09 | 0.24 | 72 | Technology | |
| Entergy Corporation | 0.01 | 0.18 | 0.24 | 88 | Utilities | |
| UnitedHealth Group Incorporated | 0.03 | 0.11 | 0.22 | 69 | Healthcare | |
| OGE Energy Corp. | 0.04 | 0.20 | 0.30 | 63 | Utilities | |
| Comfort Systems USA, Inc. | 0.07 | 0.24 | 0.36 | 98 | Industrials |
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