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
410 ETFs have low correlation with XBI (below 0.3), 78 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.31, roughly unchanged from -0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.31 | -0.29 | -0.30 | 52 | Cryptocurrency | XBI vs BITI | |
| Invesco DB Energy Fund | -0.30 | -0.13 | -0.02 | 57 | Oil & Gas | XBI vs DBE | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.28 | — | — | 70 | Inverse Equities, Leveraged Equities | XBI vs MSTZ | |
| United States Gasoline Fund LP | -0.27 | -0.13 | -0.01 | 84 | Oil & Gas | XBI vs UGA | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.26 | — | — | 73 | Derivative Income | XBI vs WNTR |
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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 -0.23, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.23 | 0.01 | 0.10 | 78 | Energy | |
| Chevron Corporation | -0.21 | 0.02 | 0.11 | 74 | Energy | |
| ConocoPhillips Company | -0.18 | 0.02 | 0.10 | 69 | Energy | |
| Altria Group, Inc. | -0.17 | 0.02 | 0.08 | 80 | Consumer Defensive | |
| Valero Energy Corporation | -0.15 | 0.04 | 0.09 | 97 | Energy |
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