Looking to balance out your exposure to XENE? The ETFs below have the lowest correlation with XENE — they tend to move on their own, which can help reduce risk when XENE drops. The stock ideas table highlights individual companies that behave independently from XENE.
No Diversifiers Found for XENE
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 XENE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XENE and solid risk/return profiles. The least correlated is The Andersons, Inc. (ANDE) (Consumer Defensive) with a 1Y correlation of -0.03, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Andersons, Inc. | -0.03 | 0.14 | 0.17 | 94 | Consumer Defensive | |
| Bezeq Corp Ltd | -0.01 | -0.00 | -0.01 | 92 | Communication Services | |
| Perdoceo Education Corporation | 0.01 | 0.09 | 0.16 | 65 | Consumer Defensive | |
| REX American Resources Corporation | 0.02 | 0.14 | 0.18 | 92 | Basic Materials | |
| Covista Inc. | 0.07 | 0.17 | 0.21 | 52 | Consumer Defensive |
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