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
432 ETFs have low correlation with XMVM (below 0.3), 50 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.25, roughly unchanged from -0.27 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.25 | -0.27 | — | 53 | Cryptocurrency | XMVM vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.23 | — | — | 65 | Inverse Equities, Leveraged Equities | XMVM vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.19 | — | — | 70 | Derivative Income | XMVM vs WNTR | |
| Invesco DB Energy Fund | -0.18 | 0.03 | 0.18 | 57 | Oil & Gas | XMVM vs DBE | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.16 | — | — | 97 | Inflation-Protected Bonds | XMVM vs RBIL |
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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 0.15, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Advanced Micro Devices, Inc. | 0.15 | 0.31 | 0.42 | 97 | Technology | |
| NextEra Energy, Inc. | 0.18 | 0.24 | 0.27 | 73 | Utilities | |
| Alphabet Inc. Class A | 0.23 | 0.27 | 0.39 | 96 | Communication Services | |
| The Allstate Corporation | 0.30 | 0.32 | 0.42 | 81 | Financial Services | |
| JPMorgan Chase & Co. | 0.50 | 0.55 | 0.61 | 71 | Financial Services |
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