Looking to diversify beyond XLEI? The ETFs below have the lowest correlation with XLEI — 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 XLEI.
Best Diversifiers for XLEI
1425 ETFs have low correlation with XLEI (below 0.3), 805 of which are negatively correlated. The least correlated is Avantis Credit ETF (AVGB) (Global Bonds) with a 1Y correlation of -0.32, roughly unchanged from -0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Avantis Credit ETF | -0.32 | -0.32 | -0.32 | 54 | Global Bonds | XLEI vs AVGB | |
| Fidelity Municipal Bond Opportunities ETF | -0.28 | -0.28 | — | 84 | Municipal Bonds | XLEI vs FMUB | |
| Avantis Short-Term Fixed Income ETF | -0.27 | -0.27 | -0.27 | 69 | Short-Term Bond | XLEI vs AVSF | |
| Vanguard Short Duration Bond ETF Shares | -0.26 | -0.26 | -0.26 | 88 | Short-Term Bond | XLEI vs VSDB | |
| First Trust TCW Unconstrained Plus Bond ETF | -0.25 | -0.25 | -0.25 | 54 | Nontraditional Bonds | XLEI vs UCON |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XLEI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XLEI and solid risk/return profiles. The least correlated is Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of 0.01, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.01 | 0.01 | 0.01 | 75 | Financial Services |
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