Looking to diversify beyond XAR? The ETFs below have the lowest correlation with XAR — 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 XAR.
Best Diversifiers for XAR
340 ETFs have low correlation with XAR (below 0.3), 61 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.43, roughly unchanged from -0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.43 | -0.41 | -0.41 | 68 | Inverse Equities, Leveraged Equities | XAR vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.42 | -0.31 | -0.33 | 57 | Cryptocurrency | XAR vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.42 | -0.36 | -0.36 | 52 | Cryptocurrency, Leveraged Cryptocurrency | XAR vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.42 | — | — | 70 | Derivative Income | XAR vs WNTR | |
| Invesco DB US Dollar Index Bullish Fund | -0.24 | -0.18 | -0.24 | 51 | Currency | XAR vs UUP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XAR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XAR and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.20, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.20 | -0.01 | 0.14 | 81 | Consumer Defensive | |
| Verizon Communications Inc. | -0.18 | -0.03 | 0.10 | 57 | Communication Services | |
| The Coca-Cola Company | -0.15 | 0.00 | 0.16 | 83 | Consumer Defensive | |
| Duke Energy Corporation | -0.13 | 0.01 | 0.12 | 66 | Utilities | |
| PepsiCo, Inc. | -0.12 | 0.00 | 0.13 | 53 | Consumer Defensive |
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