Looking to diversify beyond XHE? The ETFs below have historically moved differently from XHE, 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 XHE
507 ETFs have low correlation with XHE (below 0.3), 77 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.32, down from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.32 | -0.13 | -0.02 | 66 | Oil & Gas | XHE vs DBE | |
| Invesco DB Oil Fund | -0.29 | -0.11 | -0.01 | 51 | Oil & Gas | XHE vs DBO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.27 | -0.07 | 0.03 | 61 | Commodities | XHE vs GSG | |
| United States Gasoline Fund, LP | -0.26 | -0.10 | -0.01 | 83 | Oil & Gas | XHE vs UGA | |
| ProShares UltraShort Yen | -0.26 | -0.12 | -0.11 | 59 | Leveraged Currency | XHE vs YCS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for XHE, 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 Welltower Inc. (WELL) (Real Estate) with a 1Y correlation of 0.13, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Welltower Inc. | 0.13 | 0.23 | 0.31 | 88 | Real Estate | |
| Lantheus Holdings, Inc. | 0.35 | 0.42 | 0.48 | 71 | Healthcare |
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