Looking to balance out your exposure to EXTR? The ETFs below have historically moved differently from EXTR, 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 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 0.45, roughly unchanged from 0.55 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.45 | 0.47 | 0.55 | 72 | S&P 500 | EXTR vs SPY | |
| Vanguard S&P 500 ETF | 0.45 | 0.46 | 0.55 | 72 | S&P 500 | EXTR vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EXTR, 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 Arch Capital Group Ltd. (ACGL) (Financial Services) with a 1Y correlation of -0.21, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Arch Capital Group Ltd. | -0.21 | 0.01 | 0.15 | 60 | Financial Services | |
| Verizon Communications Inc. | -0.21 | -0.07 | 0.01 | 63 | Communication Services | |
| Sigma Lithium Resources Corp | 0.05 | 0.15 | — | 79 | Basic Materials | |
| Apple Inc | 0.13 | 0.25 | 0.38 | 90 | Technology | |
| Sonoco Products Company | 0.13 | 0.25 | 0.29 | 75 | Consumer Cyclical |
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