Looking to balance out your exposure to XNET? The ETFs below have the lowest correlation with XNET — they tend to move on their own, which can help reduce risk when XNET drops. The stock ideas table highlights individual companies that behave independently from XNET.
No Diversifiers Found for XNET
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 XNET, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XNET and solid risk/return profiles. The least correlated is Teekay Corporation (TK) (Energy) with a 1Y correlation of -0.01, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Teekay Corporation | -0.01 | 0.05 | 0.12 | 84 | Energy | |
| Insmed Incorporated | 0.03 | 0.08 | 0.20 | 62 | Healthcare |
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