Looking to balance out your exposure to XP? The ETFs below have historically moved differently from XP, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for XP
0 ETFs have low correlation with XP (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 0.53, up from 0.42 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.53 | 0.41 | 0.42 | 78 | S&P 500 | XP vs SPY | |
| Vanguard S&P 500 ETF | 0.53 | 0.41 | 0.43 | 78 | S&P 500 | XP vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for XP, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.11, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.11 | 0.04 | 0.11 | 85 | Energy | |
| The Coca-Cola Company | -0.02 | 0.06 | 0.08 | 87 | Consumer Defensive | |
| NNN REIT, Inc. | 0.04 | 0.12 | 0.18 | 77 | Real Estate | |
| Alliance Resource Partners, L.P. | 0.10 | 0.11 | 0.13 | 54 | Energy | |
| Progyny, Inc. | 0.13 | 0.20 | 0.27 | 68 | Healthcare |
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