Looking to balance out your exposure to EXTR? The ETFs below have the lowest correlation with EXTR — they tend to move on their own, which can help reduce risk when EXTR drops. The stock ideas table highlights individual companies that behave independently from EXTR.
Best Diversifiers for EXTR
0 ETFs have low correlation with EXTR (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.46, roughly unchanged from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.46 | 0.46 | 0.55 | 70 | S&P 500 | EXTR vs SPY | |
| Vanguard S&P 500 ETF | 0.46 | 0.46 | 0.55 | 70 | S&P 500 | EXTR vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EXTR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EXTR and solid risk/return profiles. The least correlated is Arch Capital Group Ltd. (ACGL) (Financial Services) with a 1Y correlation of -0.21, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Arch Capital Group Ltd. | -0.21 | 0.01 | 0.15 | 62 | Financial Services | |
| Verizon Communications Inc. | -0.20 | -0.07 | 0.02 | 59 | Communication Services | |
| Sigma Lithium Resources Corp | 0.04 | 0.15 | — | 77 | Basic Materials | |
| Telefônica Brasil S.A. | 0.11 | 0.13 | 0.14 | 76 | Communication Services | |
| América Móvil, S.A.B. de C.V. | 0.12 | 0.13 | 0.16 | 90 | Communication Services |
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