Looking to diversify beyond XMAG? The ETFs below have historically moved differently from XMAG, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for XMAG
270 ETFs have low correlation with XMAG (below 0.3), 47 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.42 | — | — | 61 | Cryptocurrency | XMAG vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.42 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | XMAG vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.42 | — | — | 52 | Inverse Equities | XMAG vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.41 | — | — | 61 | Inverse Equities, Leveraged Equities | XMAG vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.38 | — | — | 75 | Derivative Income | XMAG vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for XMAG, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.15, roughly unchanged from -0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.15 | -0.05 | -0.05 | 66 | Consumer Defensive | |
| The Coca-Cola Company | -0.11 | 0.05 | 0.05 | 90 | Consumer Defensive | |
| Duke Energy Corporation | -0.10 | 0.03 | 0.03 | 56 | Utilities | |
| Chubb Limited | -0.09 | 0.10 | 0.10 | 89 | Financial Services | |
| Occidental Petroleum Corporation | -0.08 | 0.07 | 0.07 | 70 | Energy |
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