Looking to diversify beyond XMLV? The ETFs below have historically moved differently from XMLV, 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 XMLV
1077 ETFs have low correlation with XMLV (below 0.3), 118 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.23, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.23 | -0.10 | 0.05 | 66 | Oil & Gas | XMLV vs DBE | |
| Invesco DB Oil Fund | -0.21 | -0.08 | 0.05 | 51 | Oil & Gas | XMLV vs DBO | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.20 | -0.04 | 0.09 | 70 | Commodities | XMLV vs PDBC | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.20 | -0.04 | 0.09 | 61 | Commodities | XMLV vs GSG | |
| ProShares UltraShort Yen | -0.20 | -0.13 | -0.09 | 59 | Leveraged Currency | XMLV vs YCS |
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