Looking to diversify beyond XHS? The ETFs below have historically moved differently from XHS, 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 XHS
733 ETFs have low correlation with XHS (below 0.3), 82 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.29, down from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.29 | -0.12 | 0.01 | 72 | Oil & Gas | XHS vs DBE | |
| United States Oil Fund LP | -0.27 | -0.12 | 0.01 | 55 | Oil & Gas | XHS vs USO | |
| United States Brent Oil Fund LP | -0.26 | -0.12 | 0.01 | 52 | Oil & Gas | XHS vs BNO | |
| Invesco DB Oil Fund | -0.26 | -0.11 | 0.02 | 58 | Oil & Gas | XHS vs DBO | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.23 | -0.06 | 0.05 | 72 | Commodities | XHS vs PDBC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for XHS, 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 0.26, down from 0.38 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Welltower Inc. | 0.26 | 0.33 | 0.38 | 89 | Real Estate |
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