Looking to balance out your exposure to X? The ETFs below have the lowest correlation with X — they tend to move on their own, which can help reduce risk when X drops. The stock ideas table highlights individual companies that behave independently from X.
Best Diversifiers for X
6 ETFs have low correlation with X (below 0.3), 2 of which are negatively correlated. The least correlated is JPMorgan Ultra-Short Income ETF (JPST) (Ultrashort Bond) with a 1Y correlation of -0.09, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Ultra-Short Income ETF | -0.09 | -0.02 | -0.02 | 99 | Ultrashort Bond | X vs JPST | |
| iShares 0-1 Year Treasury Bond ETF | -0.07 | -0.04 | -0.02 | 100 | Government Bonds, Ultrashort Bond | X vs SHV | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.01 | -0.02 | 0.02 | 100 | Government Bonds, Ultrashort Bond | X vs BIL | |
| VanEck Vectors Steel ETF | 0.09 | 0.34 | 0.59 | 86 | Materials | X vs SLX | |
| Invesco QQQ ETF | 0.17 | 0.19 | 0.30 | 73 | Nasdaq-100 | X vs QQQ |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from X, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to X and solid risk/return profiles. The least correlated is BWX Technologies, Inc. (BWXT) (Industrials) with a 1Y correlation of -0.04, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BWX Technologies, Inc. | -0.04 | 0.15 | 0.24 | 70 | Industrials | |
| Regencell Bioscience Holdings Limited | -0.02 | -0.07 | -0.02 | 65 | Healthcare | |
| General Electric Company | -0.01 | 0.21 | 0.35 | 65 | Industrials | |
| Halliburton Company | -0.01 | 0.13 | 0.30 | 94 | Energy | |
| Aperam PK | 0.00 | 0.06 | 0.11 | 92 | Basic Materials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements X
Add X to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with X