Looking to diversify beyond XBI? The ETFs below have the lowest correlation with XBI — 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 XBI.
Best Diversifiers for XBI
389 ETFs have low correlation with XBI (below 0.3), 78 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.29, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.29 | -0.11 | -0.01 | 71 | Oil & Gas | XBI vs DBE | |
| Defiance Oil Enhanced Options Income ETF | -0.29 | — | — | 56 | Derivative Income | XBI vs USOY | |
| United States Oil Fund LP | -0.28 | -0.10 | -0.01 | 66 | Oil & Gas | XBI vs USO | |
| Invesco DB Oil Fund | -0.27 | -0.10 | -0.00 | 65 | Oil & Gas | XBI vs DBO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.27 | -0.09 | 0.01 | 55 | Oil & Gas | XBI vs OILK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XBI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XBI and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.20, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.20 | 0.03 | 0.08 | 69 | Consumer Defensive | |
| Chevron Corporation | -0.15 | 0.05 | 0.12 | 83 | Energy | |
| Exxon Mobil Corporation | -0.14 | 0.05 | 0.12 | 85 | Energy | |
| Duke Energy Corporation | -0.12 | 0.03 | 0.05 | 53 | Utilities | |
| ConocoPhillips Company | -0.09 | 0.06 | 0.12 | 76 | Energy |
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