Looking to diversify beyond XLKI? The ETFs below have the lowest correlation with XLKI — 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 XLKI.
Best Diversifiers for XLKI
317 ETFs have low correlation with XLKI (below 0.3), 31 of which are negatively correlated. The least correlated is FT Vest DJIA Dogs 10 Target Income ETF (DOGG) (Derivative Income) with a 1Y correlation of -0.13, roughly unchanged from -0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| FT Vest DJIA Dogs 10 Target Income ETF | -0.13 | -0.13 | -0.13 | 52 | Derivative Income | XLKI vs DOGG | |
| Tortoise North American Pipeline Fund | -0.12 | -0.12 | -0.12 | 77 | Energy Equities | XLKI vs TPYP | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.12 | -0.12 | — | 97 | Inflation-Protected Bonds | XLKI vs RBIL | |
| iShares 0-3 Month Treasury Bond ETF | -0.11 | -0.11 | -0.11 | 100 | Ultrashort Bond | XLKI vs SGOV | |
| Alerian Energy Infrastructure ETF | -0.10 | -0.10 | -0.10 | 73 | Energy Equities | XLKI vs ENFR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XLKI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XLKI and solid risk/return profiles. The least correlated is BlackRock Science and Technology Term Trust (BSTZ) (Financial Services) with a 1Y correlation of 0.75, roughly unchanged from 0.75 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Science and Technology Term Trust | 0.75 | 0.75 | 0.75 | 93 | Financial Services |
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