Looking to diversify beyond XMMO? The ETFs below have the lowest correlation with XMMO — 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 XMMO.
Best Diversifiers for XMMO
314 ETFs have low correlation with XMMO (below 0.3), 53 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.39, roughly unchanged from -0.35 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.39 | -0.35 | — | 53 | Cryptocurrency | XMMO vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.36 | — | — | 65 | Inverse Equities, Leveraged Equities | XMMO vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.32 | — | — | 70 | Derivative Income | XMMO vs WNTR | |
| Invesco DB Energy Fund | -0.26 | -0.07 | 0.11 | 57 | Oil & Gas | XMMO vs DBE | |
| United States Gasoline Fund LP | -0.20 | -0.04 | 0.10 | 82 | Oil & Gas | XMMO vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XMMO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XMMO and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.20, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.20 | 0.07 | 0.26 | 76 | Energy | |
| The Coca-Cola Company | -0.19 | 0.00 | 0.16 | 82 | Consumer Defensive | |
| Altria Group, Inc. | -0.19 | -0.01 | 0.14 | 78 | Consumer Defensive | |
| Chevron Corporation | -0.16 | 0.11 | 0.28 | 73 | Energy | |
| Chubb Limited | -0.15 | 0.10 | 0.31 | 83 | Financial Services |
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