Looking to diversify beyond XMVM? The ETFs below have historically moved differently from XMVM, 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 XMVM
518 ETFs have low correlation with XMVM (below 0.3), 56 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.23, roughly unchanged from -0.27 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.23 | -0.27 | — | 51 | Cryptocurrency | XMVM vs BITI | |
| Invesco DB Energy Fund | -0.21 | 0.00 | 0.16 | 66 | Oil & Gas | XMVM vs DBE | |
| Invesco DB Oil Fund | -0.19 | 0.02 | 0.16 | 51 | Oil & Gas | XMVM vs DBO | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.18 | — | — | 69 | Derivative Income | XMVM vs WNTR | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.17 | — | — | 97 | Inflation-Protected Bonds | XMVM vs RBIL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for XMVM, 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 Advanced Micro Devices, Inc. (AMD) (Technology) with a 1Y correlation of 0.15, down from 0.41 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Advanced Micro Devices, Inc. | 0.15 | 0.30 | 0.41 | 94 | Technology | |
| NextEra Energy, Inc. | 0.17 | 0.25 | 0.27 | 77 | Utilities | |
| Alphabet Inc. Class A | 0.20 | 0.26 | 0.38 | 96 | Communication Services | |
| The Allstate Corporation | 0.27 | 0.31 | 0.42 | 83 | Financial Services | |
| JPMorgan Chase & Co. | 0.52 | 0.58 | 0.64 | 73 | Financial Services |
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