Looking to diversify beyond XME? The ETFs below have historically moved differently from XME, 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 XME
418 ETFs have low correlation with XME (below 0.3), 39 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.41, down from -0.31 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.41 | -0.31 | — | 61 | Cryptocurrency | XME vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.41 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | XME vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | — | — | 61 | Inverse Equities, Leveraged Equities | XME vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.38 | — | — | 75 | Derivative Income | XME vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.17 | -0.08 | — | 56 | Options Trading | XME vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for XME, 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 Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.24, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.25 | -0.01 | 0.17 | 89 | Financial Services | |
| Altria Group, Inc. | -0.22 | -0.02 | 0.13 | 66 | Consumer Defensive | |
| The Coca-Cola Company | -0.19 | -0.03 | 0.09 | 90 | Consumer Defensive | |
| PepsiCo, Inc. | -0.13 | -0.01 | 0.06 | 50 | Consumer Defensive | |
| Duke Energy Corporation | -0.13 | 0.01 | 0.08 | 56 | Utilities |
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