Looking to balance out your exposure to XPL? The ETFs below have the lowest correlation with XPL — they tend to move on their own, which can help reduce risk when XPL drops. The stock ideas table highlights individual companies that behave independently from XPL.
Best Diversifiers for XPL
3 ETFs have low correlation with XPL (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Dividend Appreciation ETF (VIG) (Dividend) with a 1Y correlation of 0.17, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Dividend Appreciation ETF | 0.17 | 0.12 | 0.14 | 56 | Dividend | XPL vs VIG | |
| Invesco QQQ ETF | 0.19 | 0.13 | 0.16 | 73 | Nasdaq-100 | XPL vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.20 | 0.14 | 0.16 | 70 | S&P 500 | XPL vs SPY |
Diversification Analysis
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