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
1459 ETFs have low correlation with XLEI (below 0.3), 689 of which are negatively correlated. The least correlated is Fidelity Municipal Bond Opportunities ETF (FMUB) (Municipal Bonds) with a 1Y correlation of -0.27, roughly unchanged from -0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Municipal Bond Opportunities ETF | -0.27 | -0.27 | -0.27 | 77 | Municipal Bonds | XLEI vs FMUB | |
| iShares Short Duration Bond Active ETF | -0.26 | -0.26 | -0.26 | 84 | Short-Term Bond | XLEI vs NEAR | |
| Vanguard Short Duration Bond ETF Shares | -0.25 | -0.25 | -0.25 | 83 | Short-Term Bond | XLEI vs VSDB | |
| Schwab Municipal Bond ETF | -0.25 | -0.25 | -0.25 | 66 | Municipal Bonds | XLEI vs SCMB | |
| Dimensional California Municipal Bond ETF | -0.24 | — | — | 75 | Municipal Bonds | XLEI vs DFCA |
See all 1511 diversifiers for XLEI
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