Looking to balance out your exposure to REX? The ETFs below have the lowest correlation with REX — they tend to move on their own, which can help reduce risk when REX drops. The stock ideas table highlights individual companies that behave independently from REX.
Best Diversifiers for REX
2 ETFs have low correlation with REX (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of 0.05, roughly unchanged from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.05 | -0.00 | 0.00 | 100 | Government Bonds, Ultrashort Bond | REX vs BIL | |
| State Street SPDR S&P 500 ETF | 0.13 | 0.27 | 0.35 | 66 | S&P 500 | REX vs SPY | |
| State Street Energy Select Sector SPDR ETF | 0.34 | 0.41 | 0.46 | 54 | Energy Equities | REX vs XLE |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from REX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to REX and solid risk/return profiles. The least correlated is First Solar, Inc. (FSLR) (Technology) with a 1Y correlation of 0.01, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| First Solar, Inc. | 0.01 | 0.22 | 0.26 | 67 | Technology | |
| NextEra Energy, Inc. | 0.02 | 0.14 | 0.15 | 73 | Utilities | |
| Xenon Pharmaceuticals Inc. | 0.02 | 0.14 | 0.18 | 94 | Healthcare | |
| Corcept Therapeutics Incorporated | 0.04 | 0.14 | 0.19 | 59 | Healthcare | |
| SSR Mining Inc. | 0.05 | 0.16 | 0.17 | 88 | Basic Materials |
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