Looking to diversify beyond XCEM? The ETFs below have historically moved differently from XCEM, 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 XCEM
365 ETFs have low correlation with XCEM (below 0.3), 93 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.46, down from -0.33 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.46 | -0.33 | — | 61 | Cryptocurrency | XCEM vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.46 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | XCEM vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.41 | — | — | 61 | Inverse Equities, Leveraged Equities | XCEM vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.40 | — | — | 75 | Derivative Income | XCEM vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.32 | -0.11 | — | 56 | Options Trading | XCEM vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for XCEM, 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 McKesson Corporation (MCK) (Healthcare) with a 1Y correlation of -0.14, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| McKesson Corporation | -0.14 | -0.09 | 0.05 | 67 | Healthcare | |
| Welltower Inc. | -0.10 | 0.11 | 0.22 | 89 | Real Estate | |
| Coca-Cola Consolidated, Inc. | -0.05 | 0.10 | 0.18 | 87 | Consumer Defensive | |
| Targa Resources Corp. | -0.01 | 0.17 | 0.31 | 93 | Energy | |
| Brixmor Property Group Inc. | 0.02 | 0.20 | 0.33 | 81 | Real Estate |
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