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), 66 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.21, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.21 | -0.07 | -0.05 | 61 | Leveraged Currency | XLC vs YCS | |
| Invesco DB Energy Fund | -0.21 | -0.05 | 0.07 | 71 | Oil & Gas | XLC vs DBE | |
| United States 12 Month Oil Fund LP | -0.20 | -0.03 | 0.07 | 56 | Oil & Gas | XLC vs USL | |
| United States Brent Oil Fund LP | -0.20 | -0.04 | 0.05 | 65 | Oil & Gas | XLC vs BNO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.19 | -0.02 | 0.07 | 55 | Oil & Gas | XLC vs OILK |
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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 BP p.l.c. (BP) (Energy) with a 1Y correlation of -0.13, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BP p.l.c. | -0.13 | 0.07 | 0.15 | 87 | Energy | |
| Exxon Mobil Corporation | -0.12 | 0.03 | 0.14 | 85 | Energy | |
| ConocoPhillips Company | -0.12 | 0.05 | 0.14 | 76 | Energy | |
| Chevron Corporation | -0.12 | 0.03 | 0.14 | 83 | Energy | |
| Coterra Energy Inc. | -0.11 | 0.12 | 0.20 | 79 | Energy |
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