Looking to diversify beyond XBB? The ETFs below have historically moved differently from XBB, 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 XBB
241 ETFs have low correlation with XBB (below 0.3), 89 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.35, down from -0.13 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.35 | -0.13 | — | 72 | Oil & Gas | XBB vs DBE | |
| United States Oil Fund LP | -0.34 | -0.14 | — | 55 | Oil & Gas | XBB vs USO | |
| United States Brent Oil Fund LP | -0.34 | -0.13 | — | 52 | Oil & Gas | XBB vs BNO | |
| United States Gasoline Fund LP | -0.33 | -0.12 | — | 87 | Oil & Gas | XBB vs UGA | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.32 | — | — | 61 | Inverse Equities, Leveraged Equities | XBB vs MSTZ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for XBB, 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 Pathward Financial, Inc. (CASH) (Financial Services) with a 1Y correlation of 0.37, roughly unchanged from 0.33 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Pathward Financial, Inc. | 0.37 | 0.33 | — | 61 | Financial Services |
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