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
1199 ETFs have low correlation with XES (below 0.3), 196 of which are negatively correlated. The least correlated is Invesco BulletShares 2032 Municipal Bond ETF (BSMW) (Municipal Bonds) with a 1Y correlation of -0.21, down from -0.04 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco BulletShares 2032 Municipal Bond ETF | -0.21 | -0.04 | — | 63 | Municipal Bonds | XES vs BSMW | |
| J P Morgan Exchange-Traded Fund Trust - Limited Du... | -0.20 | — | — | 91 | Short-Term Bond | XES vs JPLD | |
| Roundhill Weekly T-Bill ETF | -0.19 | — | — | 99 | Ultrashort Bond | XES vs WEEK | |
| State Street Ultra Short Term Bond ETF | -0.18 | -0.07 | -0.02 | 99 | Ultrashort Bond | XES vs ULST | |
| FlexShares Ultra-Short Income ETF | -0.17 | -0.03 | 0.00 | 99 | Ultrashort Bond | XES vs RAVI |
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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 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | -0.02 | 0.03 | 0.06 | 72 | Healthcare | |
| Snowflake Inc. | 0.03 | 0.15 | 0.17 | 54 | Technology | |
| Enlight Renewable Energy Ltd. Ordinary Shares | 0.03 | 0.10 | 0.10 | 99 | Utilities | |
| Kenon Holdings Ltd. | 0.07 | 0.12 | 0.20 | 96 | Utilities | |
| Apple Inc | 0.09 | 0.16 | 0.21 | 90 | Technology |
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