Looking to diversify beyond EXI? The ETFs below have the lowest correlation with EXI — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from EXI.
Best Diversifiers for EXI
295 ETFs have low correlation with EXI (below 0.3), 64 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.40, roughly unchanged from -0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.40 | -0.34 | -0.42 | 51 | Currency | EXI vs UUP | |
| ProShares Short Bitcoin ETF | -0.39 | -0.32 | -0.34 | 57 | Cryptocurrency | EXI vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.39 | -0.37 | -0.37 | 52 | Cryptocurrency, Leveraged Cryptocurrency | EXI vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.36 | -0.37 | -0.37 | 68 | Inverse Equities, Leveraged Equities | EXI vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.35 | -0.38 | -0.38 | 60 | Inverse Equities | EXI vs SMST |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EXI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EXI and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.06, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.06 | 0.18 | 0.31 | 53 | Industrials | |
| Mitsubishi Corp | 0.20 | 0.31 | 0.27 | 78 | Industrials | |
| Mitsui & Company Ltd | 0.46 | 0.48 | 0.45 | 75 | Industrials |
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