Looking to diversify beyond XAIX? The ETFs below have historically moved differently from XAIX, 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 XAIX
468 ETFs have low correlation with XAIX (below 0.3), 119 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.48 | — | — | 61 | Cryptocurrency | XAIX vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.48 | — | — | 61 | Inverse Equities, Leveraged Equities | XAIX vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.47 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | XAIX vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.46 | — | — | 75 | Derivative Income | XAIX vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.31 | — | — | 56 | Options Trading | XAIX vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for XAIX, 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 Colgate-Palmolive Company (CL) (Consumer Defensive) with a 1Y correlation of -0.28, roughly unchanged from -0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Colgate-Palmolive Company | -0.28 | -0.20 | -0.20 | 59 | Consumer Defensive | |
| Realty Income Corporation | -0.25 | — | — | 77 | Real Estate | |
| Pfizer Inc. | -0.02 | — | — | 64 | Healthcare | |
| Visa Inc. | 0.02 | — | — | 53 | Financial Services | |
| Prologis, Inc. | 0.05 | 0.17 | 0.17 | 90 | Real Estate |
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