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
688 ETFs have low correlation with XHS (below 0.3), 62 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.31, roughly unchanged from -0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.31 | -0.31 | -0.31 | 99 | Leveraged Equities, Semiconductors | XHS vs MUU | |
| Invesco DB Energy Fund | -0.27 | -0.12 | 0.02 | 53 | Oil & Gas | XHS vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.21 | -0.06 | 0.06 | 51 | Commodities | XHS vs GSG | |
| Invesco DB Commodity Index Tracking Fund | -0.20 | -0.04 | 0.07 | 54 | Commodities | XHS vs DBC | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.20 | -0.04 | 0.06 | 55 | Commodities | XHS vs PDBC |
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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 0.25, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Welltower Inc. | 0.25 | 0.33 | 0.38 | 92 | Real Estate |
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