Looking to balance out your exposure to XBIT? The ETFs below have historically moved differently from XBIT, 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 XBIT
3 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 0.21, down from 0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR S&P Biotech ETF | 0.21 | 0.26 | 0.33 | 93 | Health & Biotech Equities | XBIT vs XBI | |
| Vanguard Health Care ETF | 0.22 | 0.22 | 0.26 | 67 | Health & Biotech Equities | XBIT vs VHT | |
| iShares Nasdaq Biotechnology ETF | 0.23 | 0.26 | 0.32 | 84 | Health & Biotech Equities | XBIT vs IBB |
Diversification Analysis
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