Looking to diversify beyond XMHQ? The ETFs below have the lowest correlation with XMHQ — 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 XMHQ.
Best Diversifiers for XMHQ
225 ETFs have low correlation with XMHQ (below 0.3), 43 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.36 | — | — | 60 | Inverse Equities, Leveraged Equities | XMHQ vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.33 | -0.37 | -0.37 | 65 | Derivative Income | XMHQ vs WNTR | |
| United States Gasoline Fund LP | -0.26 | -0.04 | 0.10 | 72 | Oil & Gas | XMHQ vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.19 | — | — | 98 | Inflation-Protected Bonds | XMHQ vs IBIC | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.16 | — | — | 97 | Inflation-Protected Bonds | XMHQ vs RBIL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XMHQ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XMHQ and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.14, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.14 | 0.05 | 0.19 | 82 | Consumer Defensive | |
| Altria Group, Inc. | -0.14 | 0.03 | 0.17 | 79 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.11 | 0.15 | 0.29 | 71 | Energy | |
| Duke Energy Corporation | -0.10 | 0.05 | 0.11 | 63 | Utilities | |
| Chevron Corporation | -0.08 | 0.18 | 0.32 | 67 | Energy |
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