Looking to diversify beyond XDAT? The ETFs below have historically moved differently from XDAT, 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 XDAT
403 ETFs have low correlation with XDAT (below 0.3), 60 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.45, 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 | -0.45 | -0.33 | — | 51 | Cryptocurrency | XDAT vs BITI | |
| iShares Core High Dividend ETF | -0.22 | 0.02 | 0.21 | 91 | Dividend, Large Cap Value Equities | XDAT vs HDV | |
| Franklin U.S. Low Volatility High Dividend Index E... | -0.18 | 0.06 | 0.21 | 58 | Dividend, Low Volatility | XDAT vs LVHD | |
| VanEck Vectors Morningstar Durable Dividend ETF | -0.15 | 0.09 | 0.26 | 69 | Large Cap Blend Equities, Dividend | XDAT vs DURA | |
| First Trust North American Energy Infrastructure F... | -0.14 | 0.13 | 0.26 | 80 | Infrastructure Equities, MLPs | XDAT vs EMLP |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for XDAT, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.41, down from 0.63 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.41 | 0.52 | 0.63 | 61 | Technology | |
| Amazon.com, Inc | 0.51 | 0.62 | 0.68 | 72 | Consumer Cyclical |
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