Looking to diversify beyond XME? The ETFs below have the lowest correlation with XME — 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 XME.
Best Diversifiers for XME
271 ETFs have low correlation with XME (below 0.3), 20 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.15, roughly unchanged from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.15 | -0.09 | -0.09 | 61 | Leveraged Currency | XME vs YCS | |
| Vanguard Ultra-Short Treasury ETF | -0.10 | — | — | 99 | Ultrashort Bond, Government Bonds | XME vs VGUS | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.10 | — | — | 98 | Inflation-Protected Bonds | XME vs IBIC | |
| iShares Enhanced Short-Term Bond Active ETF | -0.09 | — | — | 99 | Ultrashort Bond | XME vs CSHP | |
| Texas Capital Government Money Market ETF | -0.07 | -0.00 | -0.00 | 100 | Money Market | XME vs MMKT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XME, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XME and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.15, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.15 | -0.02 | 0.09 | 74 | Consumer Defensive | |
| Walmart Inc. | -0.13 | 0.02 | 0.11 | 69 | Consumer Defensive | |
| Chubb Limited | -0.13 | 0.04 | 0.19 | 68 | Financial Services | |
| Altria Group, Inc. | -0.12 | 0.02 | 0.16 | 70 | Consumer Defensive | |
| Duke Energy Corporation | -0.10 | 0.03 | 0.08 | 62 | Utilities |
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