Looking to diversify beyond XAIX? The ETFs below have the lowest correlation with XAIX — 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 XAIX.
Best Diversifiers for XAIX
368 ETFs have low correlation with XAIX (below 0.3), 75 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.46 | — | — | 68 | Inverse Equities, Leveraged Equities | XAIX vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.45 | -0.44 | -0.44 | 57 | Cryptocurrency | XAIX vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.45 | -0.44 | -0.44 | 52 | Cryptocurrency, Leveraged Cryptocurrency | XAIX vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.44 | — | — | 70 | Derivative Income | XAIX vs WNTR | |
| Invesco DB US Dollar Index Bullish Fund | -0.26 | — | — | 51 | Currency | XAIX vs UUP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XAIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XAIX and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.39, down from -0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.39 | -0.12 | -0.12 | 53 | Industrials | |
| Realty Income Corporation | -0.23 | — | — | 74 | Real Estate | |
| Colgate-Palmolive Company | -0.23 | -0.17 | -0.17 | 53 | Consumer Defensive | |
| Prologis, Inc. | 0.05 | — | — | 87 | Real Estate | |
| Starbucks Corporation | 0.12 | 0.19 | 0.19 | 62 | Consumer Cyclical |
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