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
402 ETFs have low correlation with XHE (below 0.3), 58 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.28, down from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.28 | -0.12 | -0.11 | 72 | Leveraged Currency | XHE vs YCS | |
| Invesco DB Energy Fund | -0.28 | -0.11 | -0.00 | 53 | Oil & Gas | XHE vs DBE | |
| Invesco DB US Dollar Index Bullish Fund | -0.28 | -0.25 | -0.28 | 51 | Currency | XHE vs UUP | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.27 | — | — | 68 | Inverse Equities, Leveraged Equities | XHE vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.26 | — | — | 70 | Derivative Income | XHE vs WNTR |
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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 0.14, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Welltower Inc. | 0.14 | 0.24 | 0.31 | 92 | Real Estate | |
| Lantheus Holdings, Inc. | 0.38 | 0.42 | 0.48 | 63 | Healthcare |
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