Looking to diversify beyond XHB? The ETFs below have historically moved differently from XHB, 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 XHB
282 ETFs have low correlation with XHB (below 0.3), 81 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.36, down from -0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.36 | -0.14 | -0.00 | 72 | Oil & Gas | XHB vs DBE | |
| United States Gasoline Fund LP | -0.34 | -0.11 | -0.00 | 87 | Oil & Gas | XHB vs UGA | |
| Invesco DB Oil Fund | -0.33 | -0.12 | 0.00 | 58 | Oil & Gas | XHB vs DBO | |
| United States Oil Fund LP | -0.32 | -0.12 | -0.00 | 55 | Oil & Gas | XHB vs USO | |
| United States Brent Oil Fund LP | -0.32 | -0.12 | -0.00 | 52 | Oil & Gas | XHB vs BNO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for XHB, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.23, down from 0.45 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.23 | 0.35 | 0.45 | 61 | Financial Services | |
| Bank of America Corporation | 0.36 | 0.42 | 0.48 | 81 | Financial Services | |
| Signet Jewelers Limited | 0.49 | 0.51 | 0.56 | 58 | Consumer Cyclical | |
| United Parcel Service, Inc. | 0.53 | 0.53 | 0.57 | 73 | Industrials | |
| PulteGroup, Inc. | 0.86 | 0.89 | 0.88 | 56 | Consumer Cyclical |
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