Looking to diversify beyond XES? The ETFs below have historically moved differently from XES, 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 XES
1177 ETFs have low correlation with XES (below 0.3), 176 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Roundhill Weekly T-Bill ETF | -0.19 | — | — | 99 | Ultrashort Bond | XES vs WEEK | |
| Franklin Short Duration U.S. Government ETF | -0.18 | -0.09 | -0.06 | 96 | Mortgage Backed Securities | XES vs FTSD | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.18 | — | — | 61 | Inverse Equities, Leveraged Equities | XES vs MSTZ | |
| State Street Ultra Short Term Bond ETF | -0.18 | -0.08 | -0.03 | 99 | Ultrashort Bond | XES vs ULST | |
| Dimensional California Municipal Bond ETF | -0.17 | -0.05 | -0.05 | 73 | Municipal Bonds | XES vs DFCA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for XES, 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 Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of -0.07, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | -0.07 | 0.03 | 0.06 | 83 | Healthcare | |
| Berkshire Hathaway Inc. | -0.04 | 0.17 | 0.31 | 61 | Financial Services | |
| Snowflake Inc. | 0.06 | 0.14 | 0.17 | 62 | Technology | |
| Apple Inc | 0.08 | 0.13 | 0.20 | 89 | Technology | |
| Amazon.com, Inc | 0.10 | 0.16 | 0.19 | 60 | Consumer Cyclical |
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