Looking to diversify beyond XEMD? The ETFs below have the lowest correlation with XEMD — 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 XEMD.
Best Diversifiers for XEMD
226 ETFs have low correlation with XEMD (below 0.3), 71 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.40, roughly unchanged from -0.39 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.40 | -0.39 | — | 51 | Currency | XEMD vs UUP | |
| Invesco DB Energy Fund | -0.37 | -0.14 | -0.04 | 53 | Oil & Gas | XEMD vs DBE | |
| ProShares UltraShort Yen | -0.34 | -0.30 | — | 72 | Leveraged Currency | XEMD vs YCS | |
| United States Gasoline Fund LP | -0.34 | -0.11 | — | 78 | Oil & Gas | XEMD vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.32 | -0.07 | 0.02 | 51 | Commodities | XEMD vs GSG |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XEMD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XEMD and solid risk/return profiles. The least correlated is HF Sinclair Corp (DINO) (Energy) with a 1Y correlation of -0.10, down from 0.08 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| HF Sinclair Corp | -0.10 | 0.08 | — | 92 | Energy | |
| Eli Lilly and Company | 0.15 | 0.17 | — | 80 | Healthcare | |
| GE Vernova Inc. | 0.23 | — | — | 89 | Industrials | |
| NVIDIA Corporation | 0.26 | 0.30 | — | 65 | Technology | |
| Micron Technology, Inc. | 0.29 | 0.30 | — | 99 | Technology |
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