Looking to diversify beyond XNTK? The ETFs below have the lowest correlation with XNTK — 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 XNTK.
Best Diversifiers for XNTK
334 ETFs have low correlation with XNTK (below 0.3), 83 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.27, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.27 | -0.04 | 0.05 | 66 | Oil & Gas | XNTK vs USO | |
| Invesco DB Energy Fund | -0.26 | -0.04 | 0.07 | 71 | Oil & Gas | XNTK vs DBE | |
| Defiance Oil Enhanced Options Income ETF | -0.26 | — | — | 56 | Derivative Income | XNTK vs USOY | |
| United States Brent Oil Fund LP | -0.25 | -0.04 | 0.06 | 65 | Oil & Gas | XNTK vs BNO | |
| ProShares Ultra Bloomberg Crude Oil | -0.21 | -0.00 | 0.08 | 56 | Leveraged Commodities | XNTK vs UCO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XNTK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XNTK and solid risk/return profiles. The least correlated is Alibaba Group Holding Limited (BABA) (Consumer Cyclical) with a 1Y correlation of 0.41, roughly unchanged from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alibaba Group Holding Limited | 0.41 | 0.40 | 0.46 | 51 | Consumer Cyclical |
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