Looking to diversify beyond XHE? The ETFs below have the lowest correlation with XHE — 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 XHE.
Best Diversifiers for XHE
328 ETFs have low correlation with XHE (below 0.3), 30 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.28, down from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.28 | -0.12 | -0.10 | 63 | Leveraged Currency | XHE vs YCS | |
| United States Gasoline Fund LP | -0.25 | -0.09 | -0.00 | 55 | Oil & Gas | XHE vs UGA | |
| iShares Enhanced Short-Term Bond Active ETF | -0.14 | — | — | 99 | Ultrashort Bond | XHE vs CSHP | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.13 | — | — | 98 | Inflation-Protected Bonds | XHE vs IBIC | |
| VanEck Commodity Strategy ETF | -0.13 | -0.01 | — | 57 | Commodities | XHE vs PIT |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XHE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XHE and solid risk/return profiles. The least correlated is Welltower Inc. (WELL) (Real Estate) with a 1Y correlation of 0.11, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Welltower Inc. | 0.11 | 0.24 | 0.31 | 86 | Real Estate | |
| Lantheus Holdings, Inc. | 0.42 | 0.44 | 0.49 | 61 | Healthcare |
Build a portfolio that complements XHE
Add XHE to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with XHE