Looking to diversify beyond XEMD? The ETFs below have historically moved differently from XEMD, 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 XEMD
257 ETFs have low correlation with XEMD (below 0.3), 90 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.41, down from -0.17 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.41 | -0.17 | — | 72 | Oil & Gas | XEMD vs DBE | |
| United States Brent Oil Fund LP | -0.41 | -0.16 | — | 52 | Oil & Gas | XEMD vs BNO | |
| United States Oil Fund LP | -0.40 | -0.17 | — | 55 | Oil & Gas | XEMD vs USO | |
| Invesco DB Oil Fund | -0.38 | -0.15 | — | 58 | Oil & Gas | XEMD vs DBO | |
| ProShares UltraShort Yen | -0.37 | -0.31 | — | 56 | Leveraged Currency | XEMD vs YCS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for XEMD, 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 HF Sinclair Corp (DINO) (Energy) with a 1Y correlation of -0.12, down from 0.07 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| HF Sinclair Corp | -0.12 | 0.07 | — | 96 | Energy | |
| Marathon Petroleum Corporation | -0.10 | 0.07 | — | 95 | Energy | |
| Eli Lilly and Company | 0.15 | 0.18 | — | 83 | Healthcare | |
| GE Vernova Inc. | 0.23 | — | — | 76 | Industrials | |
| Arista Networks, Inc. | 0.25 | 0.24 | — | 71 | Technology |
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