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
312 ETFs have low correlation with XMMO (below 0.3), 68 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.31, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.31 | -0.06 | 0.11 | 71 | Oil & Gas | XMMO vs DBE | |
| United States Oil Fund LP | -0.30 | -0.04 | 0.10 | 66 | Oil & Gas | XMMO vs USO | |
| United States Brent Oil Fund LP | -0.28 | -0.03 | 0.10 | 65 | Oil & Gas | XMMO vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.27 | — | — | 56 | Derivative Income | XMMO vs USOY | |
| United States Gasoline Fund LP | -0.26 | -0.03 | 0.10 | 71 | Oil & Gas | XMMO vs UGA |
To view more results, upgrade your current subscription plan.
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 -0.19, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.19 | 0.11 | 0.26 | 85 | Energy | |
| Altria Group, Inc. | -0.11 | 0.04 | 0.16 | 67 | Consumer Defensive | |
| Chevron Corporation | -0.11 | 0.14 | 0.29 | 83 | Energy | |
| The Coca-Cola Company | -0.11 | 0.04 | 0.17 | 63 | Consumer Defensive | |
| BP p.l.c. | -0.10 | 0.16 | 0.28 | 87 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements XMMO
Add XMMO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with XMMO