Looking to diversify beyond XMHQ? The ETFs below have historically moved differently from XMHQ, 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 XMHQ
244 ETFs have low correlation with XMHQ (below 0.3), 75 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.37, roughly unchanged from -0.34 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.37 | -0.34 | — | 51 | Cryptocurrency | XMHQ vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.34 | — | — | 69 | Derivative Income | XMHQ vs WNTR | |
| Invesco DB Energy Fund | -0.32 | -0.08 | 0.09 | 66 | Oil & Gas | XMHQ vs DBE | |
| Invesco DB Oil Fund | -0.31 | -0.06 | 0.09 | 51 | Oil & Gas | XMHQ vs DBO | |
| United States Gasoline Fund, LP | -0.28 | -0.06 | 0.09 | 83 | Oil & Gas | XMHQ vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for XMHQ, 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 -0.16, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.16 | 0.02 | 0.16 | 66 | Consumer Defensive | |
| The Coca-Cola Company | -0.14 | 0.05 | 0.19 | 87 | Consumer Defensive | |
| Occidental Petroleum Corporation | -0.14 | 0.16 | 0.30 | 68 | Energy | |
| Exxon Mobil Corporation | -0.13 | 0.15 | 0.29 | 85 | Energy | |
| Chevron Corporation | -0.12 | 0.15 | 0.29 | 79 | Energy |
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