Looking to diversify beyond XBI? The ETFs below have historically moved differently from XBI, 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 XBI
412 ETFs have low correlation with XBI (below 0.3), 77 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.28, down from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.28 | -0.13 | -0.02 | 54 | Oil & Gas | XBI vs DBE | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.28 | -0.31 | -0.31 | 58 | Derivative Income | XBI vs WNTR | |
| United States Gasoline Fund, LP | -0.26 | -0.12 | -0.01 | 72 | Oil & Gas | XBI vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.23 | -0.08 | 0.02 | 51 | Commodities | XBI vs GSG | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.23 | -0.08 | 0.01 | 51 | Commodities | XBI 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 XBI, 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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.24, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.24 | 0.01 | 0.09 | 84 | Energy | |
| Chevron Corporation | -0.23 | 0.01 | 0.10 | 72 | Energy | |
| Altria Group, Inc. | -0.21 | 0.01 | 0.07 | 63 | Consumer Defensive | |
| ConocoPhillips Company | -0.17 | 0.03 | 0.09 | 68 | Energy | |
| Devon Energy Corporation | -0.14 | 0.09 | 0.14 | 71 | Energy |
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