Looking to diversify beyond XAGG? The ETFs below have historically moved differently from XAGG, 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 XAGG
103 ETFs have low correlation with XAGG (below 0.3), 19 of which are negatively correlated. The least correlated is Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH) (Leveraged Equities) with a 1Y correlation of -0.29, roughly unchanged from -0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily S&P Oil & Gas Exploration & Product... | -0.29 | -0.29 | -0.29 | 52 | Leveraged Equities | XAGG vs GUSH | |
| First Trust Nasdaq Oil & Gas ETF | -0.28 | -0.28 | -0.28 | 61 | Energy Equities | XAGG vs FTXN | |
| KFA Mount Lucas Index Strategy ETF | -0.27 | -0.27 | -0.27 | 61 | Systematic Trend | XAGG vs KMLM | |
| iShares U.S. Energy ETF | -0.25 | -0.25 | -0.25 | 75 | Energy Equities | XAGG vs IYE | |
| iShares U.S. Oil & Gas Exploration & Production ET... | -0.21 | -0.21 | -0.21 | 67 | Energy Equities | XAGG vs IEO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for XAGG, 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 Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.08, roughly unchanged from -0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.08 | -0.08 | -0.08 | 66 | Communication Services | |
| NextEra Energy, Inc. | 0.14 | 0.14 | 0.14 | 77 | Utilities | |
| Visa Inc. | 0.14 | 0.14 | 0.14 | 53 | Financial Services | |
| AGNC Investment Corp. Series F Preferred Stock | 0.24 | 0.24 | 0.24 | 88 | Real Estate | |
| Amazon.com, Inc | 0.28 | 0.28 | 0.28 | 60 | Consumer Cyclical |
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