Looking to balance out your exposure to XERS? The ETFs below have the lowest correlation with XERS — they tend to move on their own, which can help reduce risk when XERS drops. The stock ideas table highlights individual companies that behave independently from XERS.
Best Diversifiers for XERS
2 ETFs have low correlation with XERS (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity High Dividend ETF (FDVV) (Large Cap Blend Equities) with a 1Y correlation of 0.22, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity High Dividend ETF | 0.22 | 0.33 | 0.32 | 66 | Large Cap Blend Equities, Dividend | XERS vs FDVV | |
| Vanguard S&P 500 ETF | 0.23 | 0.35 | 0.34 | 63 | S&P 500 | XERS vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XERS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XERS and solid risk/return profiles. The least correlated is Comfort Systems USA, Inc. (FIX) (Industrials) with a 1Y correlation of 0.09, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Comfort Systems USA, Inc. | 0.09 | 0.23 | 0.24 | 99 | Industrials | |
| Equinox Gold Corp. | 0.09 | 0.12 | 0.15 | 70 | Basic Materials | |
| Avino Silver & Gold Mines Ltd. | 0.13 | 0.15 | 0.18 | 68 | Basic Materials | |
| Nuvation Bio Inc. | 0.22 | 0.28 | 0.29 | 89 | Healthcare |
Build a portfolio that complements XERS
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