Looking to diversify beyond XLC? The ETFs below have the lowest correlation with XLC — 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 XLC.
Best Diversifiers for XLC
396 ETFs have low correlation with XLC (below 0.3), 64 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.36 | — | — | 70 | Inverse Equities, Leveraged Equities | XLC vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.33 | — | — | 73 | Derivative Income | XLC vs WNTR | |
| ProShares Short Bitcoin ETF | -0.32 | -0.31 | — | 52 | Cryptocurrency | XLC vs BITI | |
| ProShares UltraShort Yen | -0.25 | -0.08 | -0.06 | 73 | Leveraged Currency | XLC vs YCS | |
| Invesco DB Energy Fund | -0.16 | -0.05 | 0.06 | 57 | Oil & Gas | XLC vs DBE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XLC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XLC and solid risk/return profiles. The least correlated is Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.17, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.17 | 0.02 | 0.14 | 67 | Energy | |
| Devon Energy Corporation | -0.17 | 0.04 | 0.16 | 76 | Energy | |
| Chevron Corporation | -0.11 | 0.04 | 0.15 | 74 | Energy | |
| BP p.l.c. | -0.10 | 0.05 | 0.16 | 77 | Energy | |
| ConocoPhillips Company | -0.10 | 0.04 | 0.14 | 69 | Energy |
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