Looking to diversify beyond XMVM? The ETFs below have the lowest correlation with XMVM — 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 XMVM.
Best Diversifiers for XMVM
369 ETFs have low correlation with XMVM (below 0.3), 28 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.16, down from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.16 | -0.05 | -0.00 | 63 | Leveraged Currency | XMVM vs YCS | |
| United States Gasoline Fund LP | -0.14 | 0.04 | 0.16 | 55 | Oil & Gas | XMVM vs UGA | |
| iShares Enhanced Short-Term Bond Active ETF | -0.12 | — | — | 99 | Ultrashort Bond | XMVM vs CSHP | |
| iShares Diversified Commodity Swap UCITS ETF | -0.09 | -0.01 | — | 78 | Commodities | XMVM vs ISCMF | |
| PIMCO Commodity Strategy Active Exchange-Traded Fu... | -0.08 | 0.09 | — | 50 | Commodities | XMVM vs CMDT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XMVM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XMVM and solid risk/return profiles. The least correlated is Advanced Micro Devices, Inc. (AMD) (Technology) with a 1Y correlation of 0.14, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Advanced Micro Devices, Inc. | 0.14 | 0.31 | 0.42 | 97 | Technology | |
| Alphabet Inc. Class A | 0.24 | 0.27 | 0.40 | 96 | Communication Services | |
| The Allstate Corporation | 0.32 | 0.32 | 0.43 | 67 | Financial Services | |
| JPMorgan Chase & Co. | 0.52 | 0.59 | 0.65 | 68 | Financial Services |
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