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
349 ETFs have low correlation with XBI (below 0.3), 52 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 -0.32, roughly unchanged from -0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.32 | -0.32 | -0.32 | 62 | Inverse Equities, Leveraged Equities | XBI vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.31 | -0.33 | -0.33 | 63 | Derivative Income | XBI vs WNTR | |
| United States Gasoline Fund LP | -0.26 | -0.12 | -0.01 | 69 | Oil & Gas | XBI vs UGA | |
| ProShares UltraShort Yen | -0.23 | -0.10 | -0.08 | 73 | Leveraged Currency | XBI vs YCS | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.18 | — | — | 98 | Inflation-Protected Bonds | XBI vs IBIC |
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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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.21, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.21 | 0.01 | 0.11 | 75 | Energy | |
| Altria Group, Inc. | -0.19 | 0.01 | 0.07 | 78 | Consumer Defensive | |
| Chevron Corporation | -0.19 | 0.03 | 0.12 | 72 | Energy | |
| ConocoPhillips Company | -0.12 | 0.04 | 0.11 | 66 | Energy | |
| Duke Energy Corporation | -0.11 | 0.03 | 0.05 | 67 | Utilities |
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