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
326 ETFs have low correlation with XME (below 0.3), 23 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.36, roughly unchanged from -0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.36 | -0.35 | -0.35 | 60 | Inverse Equities, Leveraged Equities | XME vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.36 | -0.36 | -0.36 | 65 | Derivative Income | XME vs WNTR | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.13 | -0.13 | -0.13 | 97 | Inflation-Protected Bonds | XME vs RBIL | |
| United States Gasoline Fund LP | -0.13 | 0.06 | 0.19 | 72 | Oil & Gas | XME vs UGA | |
| ProShares UltraShort Yen | -0.11 | -0.09 | -0.10 | 75 | Leveraged Currency | XME vs YCS |
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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 Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.18, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.18 | 0.02 | 0.18 | 83 | Financial Services | |
| Waste Management, Inc. | -0.17 | -0.02 | 0.10 | 51 | Industrials | |
| Altria Group, Inc. | -0.15 | 0.00 | 0.15 | 79 | Consumer Defensive | |
| The Coca-Cola Company | -0.15 | -0.03 | 0.10 | 82 | Consumer Defensive | |
| Duke Energy Corporation | -0.11 | 0.02 | 0.08 | 63 | Utilities |
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