Looking to diversify beyond XHB? The ETFs below have the lowest correlation with XHB — 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 XHB.
Best Diversifiers for XHB
241 ETFs have low correlation with XHB (below 0.3), 47 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.32, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.32 | -0.10 | 0.01 | 72 | Oil & Gas | XHB vs UGA | |
| ProShares UltraShort Yen | -0.28 | -0.16 | -0.13 | 75 | Leveraged Currency | XHB vs YCS | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.24 | -0.05 | 0.06 | 51 | Commodities | XHB vs PDBC | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.20 | -0.18 | -0.18 | 97 | Inflation-Protected Bonds | XHB vs RBIL | |
| VanEck Commodity Strategy ETF | -0.19 | -0.05 | -0.01 | 69 | Commodities | XHB vs PIT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XHB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XHB and solid risk/return profiles. The least correlated is XL Axiata Tbk PT ADR (PTXKY) (Communication Services) with a 1Y correlation of 0.07, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| XL Axiata Tbk PT ADR | 0.07 | 0.08 | 0.05 | 52 | Communication Services | |
| Bank of America Corporation | 0.33 | 0.41 | 0.47 | 79 | Financial Services | |
| United Parcel Service, Inc. | 0.55 | 0.53 | 0.57 | 61 | Industrials | |
| PulteGroup, Inc. | 0.85 | 0.89 | 0.88 | 53 | Consumer Cyclical |
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