Looking to diversify beyond XLSR? The ETFs below have the lowest correlation with XLSR — 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 XLSR.
Best Diversifiers for XLSR
291 ETFs have low correlation with XLSR (below 0.3), 65 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.44, roughly unchanged from -0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.44 | -0.43 | -0.43 | 68 | Inverse Equities, Leveraged Equities | XLSR vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.42 | -0.43 | -0.43 | 70 | Derivative Income | XLSR vs WNTR | |
| ProShares Short Bitcoin ETF | -0.41 | -0.34 | -0.36 | 57 | Cryptocurrency | XLSR vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.41 | -0.39 | -0.39 | 52 | Cryptocurrency, Leveraged Cryptocurrency | XLSR vs SBIT | |
| Invesco DB US Dollar Index Bullish Fund | -0.30 | -0.23 | -0.29 | 51 | Currency | XLSR vs UUP |
See all 1556 diversifiers for XLSR
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Diversification Analysis
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