Looking to balance out your exposure to XOMA? The ETFs below have the lowest correlation with XOMA — they tend to move on their own, which can help reduce risk when XOMA drops. The stock ideas table highlights individual companies that behave independently from XOMA.
Best Diversifiers for XOMA
1 ETFs have low correlation with XOMA (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.28, roughly unchanged from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.28 | 0.25 | 0.25 | 67 | S&P 500 | XOMA vs SPY |
Diversification Analysis
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