Looking to diversify beyond XHS? The ETFs below have the lowest correlation with XHS — 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 XHS.
Best Diversifiers for XHS
583 ETFs have low correlation with XHS (below 0.3), 34 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.16, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.16 | -0.07 | 0.04 | 55 | Oil & Gas | XHS vs UGA | |
| ProShares UltraShort Yen | -0.16 | -0.05 | -0.05 | 63 | Leveraged Currency | XHS vs YCS | |
| WisdomTree Floating Rate Treasury Fund | -0.14 | -0.06 | -0.03 | 100 | Government Bonds, Ultrashort Bond | XHS vs USFR | |
| PIMCO Commodity Strategy Active Exchange-Traded Fu... | -0.13 | -0.01 | — | 50 | Commodities | XHS vs CMDT | |
| VanEck Commodity Strategy ETF | -0.13 | -0.03 | — | 57 | Commodities | XHS vs PIT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XHS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XHS and solid risk/return profiles. The least correlated is Welltower Inc. (WELL) (Real Estate) with a 1Y correlation of 0.21, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Welltower Inc. | 0.21 | 0.32 | 0.38 | 86 | Real Estate |
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