Looking to balance out your exposure to XELA? The ETFs below have the lowest correlation with XELA — they tend to move on their own, which can help reduce risk when XELA drops. The stock ideas table highlights individual companies that behave independently from XELA.
No Diversifiers Found for XELA
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XELA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XELA and solid risk/return profiles. The least correlated is Peabody Energy Corporation (BTU) (Energy) with a 1Y correlation of 0.04, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Peabody Energy Corporation | 0.04 | 0.06 | 0.06 | 72 | Energy |
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