Looking to balance out your exposure to XFLT? The ETFs below have historically moved differently from XFLT, 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 XFLT
21 ETFs have low correlation with XFLT (below 0.3), 5 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.15, down from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.15 | -0.05 | -0.01 | 100 | Ultrashort Bond | XFLT vs SGOV | |
| USCF SummerHaven Dynamic Commodity Strategy No K-1... | -0.09 | -0.02 | 0.06 | 85 | Commodities | XFLT vs SDCI | |
| United States Commodity Index Fund | -0.08 | -0.01 | 0.05 | 84 | Commodities | XFLT vs USCI | |
| Virtus Newfleet ABS/MBS ETF | -0.05 | 0.09 | 0.06 | 85 | Mortgage Backed Securities | XFLT vs VABS | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.00 | 0.02 | 0.01 | 100 | Government Bonds, Ultrashort Bond | XFLT vs BIL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for XFLT, 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 Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.06, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.06 | 0.02 | 0.07 | 66 | Communication Services | |
| Agree Realty Corporation | -0.05 | 0.06 | 0.08 | 68 | Real Estate | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | -0.01 | 0.00 | 0.01 | 86 | Financial Services | |
| Oxford Lane Capital Corp. | 0.03 | 0.03 | 0.05 | 97 | Financial Services | |
| Lockheed Martin Corporation | 0.03 | 0.04 | 0.06 | 80 | Industrials |
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