Looking to diversify beyond XLG? The ETFs below have the lowest correlation with XLG — 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 XLG.
Best Diversifiers for XLG
365 ETFs have low correlation with XLG (below 0.3), 76 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 | -0.45 | — | — | 68 | Inverse Equities, Leveraged Equities | XLG vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.43 | — | — | 70 | Derivative Income | XLG vs WNTR | |
| ProShares Short Bitcoin ETF | -0.42 | -0.34 | -0.36 | 57 | Cryptocurrency | XLG vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.42 | -0.39 | -0.39 | 52 | Cryptocurrency, Leveraged Cryptocurrency | XLG vs SBIT | |
| Invesco DB US Dollar Index Bullish Fund | -0.26 | -0.19 | -0.25 | 51 | Currency | XLG vs UUP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XLG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XLG and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.30, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.30 | -0.01 | 0.19 | 53 | Industrials | |
| Duke Energy Corporation | -0.29 | -0.13 | 0.02 | 66 | Utilities | |
| Altria Group, Inc. | -0.28 | -0.09 | 0.05 | 81 | Consumer Defensive | |
| The Southern Company | -0.26 | -0.10 | 0.07 | 58 | Utilities | |
| Chubb Limited | -0.26 | -0.04 | 0.15 | 86 | Financial Services |
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