Looking to balance out your exposure to XRAY? The ETFs below have historically moved differently from XRAY, 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 XRAY
0 ETFs have low correlation with XRAY (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 0.36, down from 0.47 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 | 0.36 | 0.39 | 0.47 | 67 | S&P 500 | XRAY vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for XRAY, 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 Orchid Island Capital, Inc. (ORC) (Real Estate) with a 1Y correlation of 0.34, roughly unchanged from 0.38 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Orchid Island Capital, Inc. | 0.34 | 0.36 | 0.38 | 61 | Real Estate | |
| West Pharmaceutical Services, Inc. | 0.39 | 0.35 | 0.41 | 78 | Healthcare | |
| Ford Motor Company | 0.40 | 0.39 | 0.41 | 78 | Consumer Cyclical | |
| Baxter International Inc. | 0.52 | 0.48 | 0.49 | 59 | Healthcare |
Build a portfolio that complements XRAY
Add XRAY to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with XRAY