Looking to balance out your exposure to XBIT? The ETFs below have the lowest correlation with XBIT — they tend to move on their own, which can help reduce risk when XBIT drops. The stock ideas table highlights individual companies that behave independently from XBIT.
Best Diversifiers for XBIT
2 ETFs have low correlation with XBIT (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR S&P Biotech ETF (XBI) (Health & Biotech Equities) with a 1Y correlation of 0.28, roughly unchanged from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR S&P Biotech ETF | 0.28 | 0.27 | 0.34 | 90 | Health & Biotech Equities | XBIT vs XBI | |
| iShares Nasdaq Biotechnology ETF | 0.28 | 0.27 | 0.32 | 71 | Health & Biotech Equities | XBIT vs IBB |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XBIT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XBIT and solid risk/return profiles. The least correlated is AdaptHealth Corp. (AHCO) (Healthcare) with a 1Y correlation of 0.09, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AdaptHealth Corp. | 0.09 | 0.08 | 0.15 | 55 | Healthcare |
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