Looking to balance out your exposure to XPO? The ETFs below have historically moved differently from XPO, 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 XPO
0 ETFs have low correlation with XPO (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR EURO STOXX 50 ETF (FEZ) (Europe Equities) with a 1Y correlation of 0.34, down from 0.46 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR EURO STOXX 50 ETF | 0.34 | 0.37 | 0.46 | 58 | Europe Equities | XPO vs FEZ | |
| Vanguard S&P 500 ETF | 0.35 | 0.48 | 0.56 | 78 | S&P 500 | XPO vs VOO | |
| State Street SPDR S&P 500 ETF | 0.36 | 0.48 | 0.56 | 78 | S&P 500 | XPO vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for XPO, 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 Range Resources Corporation (RRC) (Energy) with a 1Y correlation of -0.04, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Range Resources Corporation | -0.04 | 0.13 | 0.20 | 57 | Energy | |
| YPF Sociedad Anónima | -0.03 | 0.13 | 0.17 | 75 | Energy | |
| Murphy USA Inc. | 0.01 | 0.10 | 0.16 | 87 | Consumer Cyclical | |
| MongoDB, Inc. | 0.02 | 0.25 | 0.33 | 72 | Technology | |
| Coca-Cola Consolidated, Inc. | 0.03 | 0.14 | 0.19 | 84 | Consumer Defensive |
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