Looking to diversify beyond XES? The ETFs below have the lowest correlation with XES — 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 XES.
Best Diversifiers for XES
1020 ETFs have low correlation with XES (below 0.3), 169 of which are negatively correlated.
| 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 | |
| Invesco BulletShares 2032 Municipal Bond ETF | -0.19 | -0.03 | — | 68 | Municipal Bonds | XES vs BSMW | |
| FlexShares Ultra-Short Income ETF | -0.18 | -0.04 | 0.00 | 99 | Ultrashort Bond | XES vs RAVI | |
| Franklin Short Duration U.S. Government ETF | -0.16 | -0.06 | -0.06 | 95 | Mortgage Backed Securities | XES vs FTSD | |
| JPMorgan Limited Duration Bond ETF | -0.16 | — | — | 89 | Short-Term Bond | XES vs JPLD |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XES, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XES and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of -0.02, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | -0.02 | 0.04 | 0.07 | 74 | Healthcare | |
| Enlight Renewable Energy Ltd. Ordinary Shares | 0.07 | 0.11 | 0.10 | 98 | Utilities | |
| Broadcom Inc. | 0.07 | 0.18 | 0.24 | 72 | Technology | |
| Kenon Holdings Ltd. | 0.08 | 0.12 | 0.20 | 85 | Utilities | |
| Amazon.com, Inc | 0.12 | 0.17 | 0.20 | 54 | Consumer Cyclical |
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