Looking to diversify beyond XLG? The ETFs below have historically moved differently from XLG, 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 XLG
442 ETFs have low correlation with XLG (below 0.3), 106 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.47 | — | — | 61 | Inverse Equities, Leveraged Equities | XLG vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.46 | — | — | 75 | Derivative Income | XLG vs WNTR | |
| Proshares Ultrashort Bitcoin ETF | -0.45 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | XLG vs SBIT | |
| ProShares Short Bitcoin ETF | -0.44 | -0.34 | — | 61 | Cryptocurrency | XLG vs BITI | |
| Alpha Architect Tail Risk ETF | -0.32 | -0.04 | — | 56 | Options Trading | XLG vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for XLG, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.35, down from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.35 | -0.16 | 0.02 | 56 | Utilities | |
| Altria Group, Inc. | -0.30 | -0.10 | 0.04 | 66 | Consumer Defensive | |
| Chubb Limited | -0.28 | -0.05 | 0.14 | 89 | Financial Services | |
| The Coca-Cola Company | -0.27 | -0.07 | 0.15 | 90 | Consumer Defensive | |
| Chevron Corporation | -0.25 | -0.02 | 0.14 | 80 | Energy |
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