Looking to diversify beyond XONE? The ETFs below have historically moved differently from XONE, 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 XONE
1393 ETFs have low correlation with XONE (below 0.3), 134 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.36, roughly unchanged from -0.43 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.36 | -0.43 | — | 56 | Leveraged Currency | XONE vs YCS | |
| United States Brent Oil Fund LP | -0.32 | -0.22 | — | 52 | Oil & Gas | XONE vs BNO | |
| Invesco DB Oil Fund | -0.32 | -0.22 | -0.18 | 58 | Oil & Gas | XONE vs DBO | |
| Invesco DB Energy Fund | -0.31 | -0.23 | -0.18 | 72 | Oil & Gas | XONE vs DBE | |
| United States Gasoline Fund LP | -0.31 | -0.25 | — | 87 | Oil & Gas | XONE vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for XONE, 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 Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of -0.08, roughly unchanged from -0.09 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | -0.08 | -0.09 | — | 99 | Technology | |
| Citigroup Inc. | -0.03 | -0.07 | -0.07 | 84 | Financial Services | |
| Snowflake Inc. | -0.02 | -0.06 | — | 62 | Technology | |
| Nokia Corporation | -0.01 | -0.00 | 0.02 | 89 | Technology | |
| State Street Corporation | -0.01 | -0.05 | — | 96 | Financial Services |
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