Looking to diversify beyond XMMO? The ETFs below have historically moved differently from XMMO, 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 XMMO
377 ETFs have low correlation with XMMO (below 0.3), 82 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.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.39 | -0.35 | — | 51 | Cryptocurrency | XMMO vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.34 | — | — | 69 | Derivative Income | XMMO vs WNTR | |
| Invesco DB Energy Fund | -0.24 | -0.06 | 0.11 | 66 | Oil & Gas | XMMO vs DBE | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.23 | -0.17 | -0.06 | 51 | Nontraditional Bonds | XMMO vs RISR | |
| YieldMax XOM Option Income Strategy ETF | -0.21 | 0.06 | 0.06 | 52 | Derivative Income, Dividend | XMMO vs XOMO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for XMMO, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.26, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.26 | -0.02 | 0.14 | 87 | Consumer Defensive | |
| Altria Group, Inc. | -0.25 | -0.04 | 0.12 | 66 | Consumer Defensive | |
| Chubb Limited | -0.21 | 0.08 | 0.29 | 87 | Financial Services | |
| Colgate-Palmolive Company | -0.20 | -0.02 | 0.08 | 57 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.19 | 0.07 | 0.25 | 85 | Energy |
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