Looking to diversify beyond XLEI? The ETFs below have historically moved differently from XLEI, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for XLEI
1588 ETFs have low correlation with XLEI (below 0.3), 915 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Liberty Federal Intermediate Tax-Free Bon... | -0.32 | — | — | 82 | Municipal Bonds | XLEI vs FLMI | |
| Vanguard Tax-Exempt Bond ETF | -0.31 | — | — | 74 | Municipal Bonds | XLEI vs VTEB | |
| Fidelity Municipal Bond Opportunities ETF | -0.31 | -0.31 | -0.31 | 76 | Municipal Bonds | XLEI vs FMUB | |
| State Street Ultra Short Term Bond ETF | -0.29 | — | — | 99 | Ultrashort Bond | XLEI vs ULST | |
| Invesco BulletShares 2032 Municipal Bond ETF | -0.29 | — | — | 65 | Municipal Bonds | XLEI vs BSMW |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for XLEI, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.02 | — | — | 55 | Financial Services |
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