Looking to diversify beyond XDAT? The ETFs below have the lowest correlation with XDAT — 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 XDAT.
Best Diversifiers for XDAT
304 ETFs have low correlation with XDAT (below 0.3), 27 of which are negatively correlated. The least correlated is iShares Core High Dividend ETF (HDV) (Dividend) with a 1Y correlation of -0.17, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core High Dividend ETF | -0.17 | 0.06 | 0.23 | 70 | Dividend, Large Cap Value Equities | XDAT vs HDV | |
| Brookstone Ultra-Short Bond ETF | -0.13 | — | — | 98 | Ultrashort Bond | XDAT vs BAMU | |
| Breakwave Tanker Shipping ETF | -0.10 | -0.04 | — | 98 | Commodities | XDAT vs BWET | |
| iShares Enhanced Short-Term Bond Active ETF | -0.09 | — | — | 99 | Ultrashort Bond | XDAT vs CSHP | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.09 | 0.13 | 0.25 | 69 | Large Cap Value Equities, Dividend | XDAT vs FDL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XDAT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XDAT and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.41, down from 0.64 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.41 | 0.53 | 0.64 | 72 | Technology | |
| Amazon.com, Inc | 0.48 | 0.62 | 0.68 | 54 | Consumer Cyclical |
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