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
750 ETFs have low correlation with XLV (below 0.3), 31 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.28, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.28 | -0.14 | -0.03 | 55 | Oil & Gas | XLV vs UGA | |
| ProShares UltraShort Yen | -0.27 | -0.11 | -0.09 | 63 | Leveraged Currency | XLV vs YCS | |
| PIMCO Commodity Strategy Active Exchange-Traded Fu... | -0.19 | -0.09 | — | 50 | Commodities | XLV vs CMDT | |
| First Trust Alternative Absolute Return Strategy E... | -0.19 | -0.07 | -0.05 | 75 | Commodities | XLV vs FAAR | |
| VanEck Commodity Strategy ETF | -0.17 | -0.08 | -0.02 | 57 | Commodities | XLV vs PIT |
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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 Petróleo Brasileiro S.A. - Petrobras (PBR) (Energy) with a 1Y correlation of -0.13, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Petróleo Brasileiro S.A. - Petrobras | -0.13 | 0.02 | 0.04 | 75 | Energy | |
| Broadcom Inc. | -0.08 | 0.09 | 0.24 | 72 | Technology | |
| ConocoPhillips Company | -0.08 | 0.06 | 0.13 | 65 | Energy | |
| AppLovin Corporation | -0.06 | 0.03 | 0.17 | 60 | Communication Services | |
| Credo Technology Group Holding Ltd | -0.05 | 0.07 | 0.14 | 88 | Technology |
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