Looking to balance out your exposure to XPEL? The ETFs below have the lowest correlation with XPEL — they tend to move on their own, which can help reduce risk when XPEL drops. The stock ideas table highlights individual companies that behave independently from XPEL.
Best Diversifiers for XPEL
2 ETFs have low correlation with XPEL (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR Portfolio High Yield Bond ETF (SPHY) (High Yield Bonds) with a 1Y correlation of 0.27, down from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Portfolio High Yield Bond ETF | 0.27 | 0.35 | 0.39 | 62 | High Yield Bonds | XPEL vs SPHY | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.29 | 0.34 | 0.40 | 97 | Leveraged Equities, Semiconductors | XPEL vs SOXL | |
| Vanguard S&P 500 ETF | 0.34 | 0.40 | 0.44 | 70 | S&P 500 | XPEL vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XPEL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XPEL and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.02, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.02 | 0.11 | 0.15 | 76 | Energy | |
| British American Tobacco p.l.c. | 0.04 | 0.08 | 0.11 | 77 | Consumer Defensive | |
| Broadcom Inc. | 0.11 | 0.22 | 0.29 | 84 | Technology | |
| Tesla, Inc. | 0.15 | 0.28 | 0.35 | 55 | Consumer Cyclical | |
| The Ensign Group, Inc. | 0.16 | 0.27 | 0.28 | 52 | Healthcare |
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