Looking to diversify beyond XMLV? The ETFs below have the lowest correlation with XMLV — 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 XMLV.
Best Diversifiers for XMLV
914 ETFs have low correlation with XMLV (below 0.3), 87 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.58, roughly unchanged from -0.58 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.58 | -0.58 | -0.58 | 99 | Leveraged Equities, Semiconductors | XMLV vs MUU | |
| ProShares UltraShort Yen | -0.26 | -0.13 | -0.09 | 72 | Leveraged Currency | XMLV vs YCS | |
| Invesco DB US Dollar Index Bullish Fund | -0.22 | -0.23 | -0.27 | 51 | Currency | XMLV vs UUP | |
| Invesco DB Energy Fund | -0.21 | -0.08 | 0.06 | 53 | Oil & Gas | XMLV vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.18 | -0.03 | 0.10 | 51 | Commodities | XMLV vs GSG |
See all 1557 diversifiers for XMLV
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