Looking to balance out your exposure to XRN? The ETFs below have the lowest correlation with XRN — they tend to move on their own, which can help reduce risk when XRN drops. The stock ideas table highlights individual companies that behave independently from XRN.
No Diversifiers Found for XRN
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XRN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XRN and solid risk/return profiles. The least correlated is NIO Inc. (NIO) (Consumer Cyclical) with a 1Y correlation of -0.01, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NIO Inc. | -0.01 | 0.15 | 0.20 | 56 | Consumer Cyclical | |
| Energy Transfer LP | -0.00 | 0.17 | 0.24 | 83 | Energy | |
| Borr Drilling Ltd | 0.12 | 0.20 | 0.21 | 88 | Energy | |
| Ford Motor Company | 0.20 | 0.33 | 0.38 | 71 | Consumer Cyclical | |
| CareTrust REIT, Inc. | 0.26 | 0.37 | 0.49 | 87 | Real Estate |
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