Looking to diversify beyond XITK? The ETFs below have the lowest correlation with XITK — 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 XITK.
Best Diversifiers for XITK
289 ETFs have low correlation with XITK (below 0.3), 38 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.45, roughly unchanged from -0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.45 | -0.40 | -0.41 | 57 | Cryptocurrency | XITK vs BITI | |
| Invesco DB Energy Fund | -0.17 | -0.03 | 0.06 | 53 | Oil & Gas | XITK vs DBE | |
| First Trust Utilities AlphaDEX Fund | -0.13 | 0.14 | 0.19 | 52 | Utilities Equities | XITK vs FXU | |
| Brookstone Ultra-Short Bond ETF | -0.11 | — | — | 99 | Ultrashort Bond | XITK vs BAMU | |
| VanEck Energy Income ETF | -0.09 | 0.21 | 0.29 | 81 | Energy Equities | XITK vs EINC |
See all 1145 diversifiers for XITK
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