Looking to diversify beyond XNOV? The ETFs below have historically moved differently from XNOV, 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 XNOV
198 ETFs have low correlation with XNOV (below 0.3), 49 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.43 | — | — | 61 | Cryptocurrency | XNOV vs BITI | |
| Alpha Architect Tail Risk ETF | -0.31 | — | — | 56 | Options Trading | XNOV vs CAOS | |
| Invesco DB Energy Fund | -0.27 | — | — | 72 | Oil & Gas | XNOV vs DBE | |
| United States Brent Oil Fund LP | -0.26 | — | — | 52 | Oil & Gas | XNOV vs BNO | |
| Invesco DB Oil Fund | -0.24 | -0.06 | -0.06 | 58 | Oil & Gas | XNOV vs DBO |
See all 1273 diversifiers for XNOV
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