Looking to diversify beyond XILSX? The mutual funds below have the lowest correlation with XILSX — 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 XILSX.
Best Diversifiers for XILSX
179 mutual funds have low correlation with XILSX (below 0.3), 44 of which are negatively correlated. The least correlated is MainStay MacKay Strategic Bond Fund (MASAX) (Nontraditional Bonds) with a 1Y correlation of -0.10, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MainStay MacKay Strategic Bond Fund | -0.10 | -0.03 | -0.02 | 75 | Nontraditional Bonds | XILSX vs MASAX | |
| Loomis Sayles High Income Fund | -0.09 | -0.05 | -0.02 | 51 | High Yield Bonds | XILSX vs NEFHX | |
| T. Rowe Price U.S. High Yield Fund | -0.08 | 0.02 | 0.04 | 67 | High Yield Bonds | XILSX vs TUHIX | |
| T. Rowe Price Floating Rate Fund | -0.08 | 0.03 | 0.04 | 96 | High Yield Bonds | XILSX vs PRFRX | |
| Osterweis Strategic Income Fund | -0.08 | -0.04 | -0.02 | 89 | High Yield Bonds | XILSX vs OSTIX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XILSX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XILSX and solid risk/return profiles. The least correlated is Prologis, Inc. (PLD) (Real Estate) with a 1Y correlation of 0.03, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Prologis, Inc. | 0.03 | 0.04 | 0.04 | 88 | Real Estate |
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