Looking to diversify beyond XLV? The ETFs below have the lowest correlation with XLV — 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 XLV.
Best Diversifiers for XLV
982 ETFs have low correlation with XLV (below 0.3), 71 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.29, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.29 | -0.18 | -0.05 | 57 | Oil & Gas | XLV vs DBE | |
| United States Gasoline Fund LP | -0.29 | -0.15 | -0.04 | 84 | Oil & Gas | XLV vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.27 | -0.14 | -0.02 | 54 | Commodities | XLV vs GSG | |
| ProShares UltraShort Yen | -0.27 | -0.12 | -0.09 | 73 | Leveraged Currency | XLV vs YCS | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.26 | -0.15 | -0.03 | 52 | Commodities | XLV vs COMT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XLV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XLV and solid risk/return profiles. The least correlated is Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.14, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.14 | 0.06 | 0.23 | 67 | Technology | |
| Petróleo Brasileiro S.A. - Petrobras | -0.13 | 0.03 | 0.05 | 80 | Energy | |
| Credo Technology Group Holding Ltd | -0.11 | 0.04 | 0.12 | 77 | Technology | |
| AppLovin Corporation | -0.09 | 0.02 | 0.16 | 56 | Communication Services | |
| NVIDIA Corporation | -0.09 | 0.06 | 0.21 | 63 | Technology |
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