Looking to balance out your exposure to XFLT? The ETFs below have the lowest correlation with XFLT — they tend to move on their own, which can help reduce risk when XFLT drops. The stock ideas table highlights individual companies that behave independently from XFLT.
Best Diversifiers for XFLT
20 ETFs have low correlation with XFLT (below 0.3), 4 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.08, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.08 | -0.03 | -0.00 | 100 | Ultrashort Bond | XFLT vs SGOV | |
| USCF SummerHaven Dynamic Commodity Strategy No K-1... | -0.05 | 0.00 | 0.07 | 65 | Commodities | XFLT vs SDCI | |
| United States Commodity Index Fund | -0.04 | 0.00 | 0.06 | 65 | Commodities | XFLT vs USCI | |
| Virtus Newfleet ABS/MBS ETF | -0.02 | 0.12 | 0.06 | 80 | 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
If you're looking for individual stocks that move independently from XFLT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XFLT and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.07, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.07 | 0.02 | 0.07 | 54 | Communication Services | |
| Agree Realty Corporation | -0.04 | 0.06 | 0.08 | 70 | Real Estate | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | -0.03 | -0.00 | — | 86 | Financial Services | |
| Lockheed Martin Corporation | 0.01 | 0.04 | 0.06 | 60 | Industrials | |
| Frontline Ltd. | 0.05 | 0.04 | 0.06 | 95 | Energy |
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