Looking to diversify beyond XMAG? The ETFs below have the lowest correlation with XMAG — 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 XMAG.
Best Diversifiers for XMAG
241 ETFs have low correlation with XMAG (below 0.3), 31 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.40, roughly unchanged from -0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.40 | -0.38 | -0.38 | 57 | Cryptocurrency | XMAG vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.39 | -0.38 | -0.38 | 52 | Cryptocurrency, Leveraged Cryptocurrency | XMAG vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.39 | — | — | 53 | Inverse Equities | XMAG vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | — | — | 68 | Inverse Equities, Leveraged Equities | XMAG vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.36 | — | — | 70 | Derivative Income | XMAG vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XMAG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XMAG and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.11, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.11 | -0.03 | -0.03 | 81 | Consumer Defensive | |
| The Coca-Cola Company | -0.07 | 0.06 | 0.06 | 83 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.05 | 0.10 | 0.10 | 75 | Energy | |
| Chubb Limited | -0.05 | 0.12 | 0.12 | 86 | Financial Services | |
| Waste Management, Inc. | -0.04 | 0.13 | 0.13 | 53 | Industrials |
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