Looking to diversify beyond XB? The ETFs below have historically moved differently from XB, 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 XB
139 ETFs have low correlation with XB (below 0.3), 50 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.40, roughly unchanged from -0.31 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.40 | -0.31 | — | 57 | Cryptocurrency | XB vs BITI | |
| Invesco DB Energy Fund | -0.36 | -0.12 | — | 71 | Oil & Gas | XB vs DBE | |
| United States Brent Oil Fund LP | -0.35 | -0.11 | — | 55 | Oil & Gas | XB vs BNO | |
| Invesco DB Oil Fund | -0.34 | -0.10 | — | 60 | Oil & Gas | XB vs DBO | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.28 | -0.05 | — | 61 | Commodities | XB vs COMT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for XB, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.20, down from 0.05 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.20 | 0.05 | — | 79 | Consumer Defensive | |
| BP p.l.c. | -0.12 | 0.07 | — | 80 | Energy | |
| Energy Transfer LP | -0.11 | 0.19 | — | 81 | Energy | |
| Verizon Communications Inc. | -0.09 | 0.06 | — | 68 | Communication Services | |
| Realty Income Corporation | 0.06 | 0.21 | 0.30 | 76 | Real Estate |
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