Looking to diversify beyond XMPT? The ETFs below have the lowest correlation with XMPT — 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 XMPT.
Best Diversifiers for XMPT
415 ETFs have low correlation with XMPT (below 0.3), 56 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.29, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.29 | -0.10 | -0.01 | 71 | Oil & Gas | XMPT vs DBE | |
| United States Brent Oil Fund LP | -0.28 | -0.09 | -0.02 | 65 | Oil & Gas | XMPT vs BNO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.26 | -0.07 | 0.01 | 72 | Commodities | XMPT vs GSG | |
| Invesco DB Oil Fund | -0.25 | -0.07 | -0.00 | 65 | Oil & Gas | XMPT vs DBO | |
| iShares Commodities Select Strategy ETF | -0.25 | -0.07 | 0.01 | 72 | Commodities | XMPT vs COMT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XMPT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XMPT and solid risk/return profiles. The least correlated is Nuveen AMT-Free Quality Municipal Income Fund (NEA) (Financial Services) with a 1Y correlation of 0.72, roughly unchanged from 0.79 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nuveen AMT-Free Quality Municipal Income Fund | 0.72 | 0.78 | 0.79 | 78 | Financial Services |
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