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
690 ETFs have low correlation with XMLV (below 0.3), 60 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.26, down from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.26 | -0.13 | -0.08 | 61 | Leveraged Currency | XMLV vs YCS | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.18 | -0.01 | 0.08 | 55 | Oil & Gas | XMLV vs OILK | |
| Invesco DB Energy Fund | -0.18 | -0.04 | 0.07 | 71 | Oil & Gas | XMLV vs DBE | |
| United States 12 Month Oil Fund LP | -0.18 | -0.01 | 0.08 | 56 | Oil & Gas | XMLV vs USL | |
| ProShares Ultra Bloomberg Crude Oil | -0.18 | -0.02 | 0.08 | 54 | Leveraged Commodities | XMLV vs UCO |
See all 1600 diversifiers for XMLV
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