Looking to balance out your exposure to XPRO? The ETFs below have the lowest correlation with XPRO — they tend to move on their own, which can help reduce risk when XPRO drops. The stock ideas table highlights individual companies that behave independently from XPRO.
Best Diversifiers for XPRO
0 ETFs have low correlation with XPRO (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR S&P Oil & Gas Equipment & Services ETF (XES) (Energy Equities) with a 1Y correlation of 0.79, roughly unchanged from 0.74 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR S&P Oil & Gas Equipment & Services ETF | 0.79 | 0.74 | — | 85 | Energy Equities | XPRO vs XES |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XPRO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XPRO and solid risk/return profiles. The least correlated is Sibanye Stillwater Limited (SBSW) (Basic Materials) with a 1Y correlation of 0.13, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sibanye Stillwater Limited | 0.13 | 0.21 | 0.23 | 53 | Basic Materials | |
| Banco Macro S.A. | 0.15 | 0.17 | — | 62 | Financial Services | |
| Pampa Energía S.A. | 0.17 | 0.21 | 0.28 | 54 | Utilities | |
| DHT Holdings, Inc. | 0.19 | 0.24 | 0.30 | 89 | Energy | |
| Core Natural Resources, Inc | 0.21 | 0.26 | 0.33 | 57 | Energy |
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