Looking to diversify beyond XONE? The ETFs below have the lowest correlation with XONE — 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 XONE.
Best Diversifiers for XONE
1298 ETFs have low correlation with XONE (below 0.3), 109 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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.36 | -0.43 | — | 75 | Leveraged Currency | XONE vs YCS | |
| United States Gasoline Fund LP | -0.30 | -0.23 | — | 72 | Oil & Gas | XONE vs UGA | |
| Fidelity Managed Futures ETF | -0.27 | -0.28 | -0.28 | 66 | Systematic Trend | XONE vs FFUT | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.22 | -0.17 | -0.13 | 51 | Commodities | XONE vs PDBC | |
| Bastion Energy ETF | -0.18 | — | — | 86 | Energy Equities | XONE vs BESF |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XONE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XONE and solid risk/return profiles. The least correlated is Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of -0.07, roughly unchanged from -0.08 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | -0.07 | -0.08 | — | 99 | Technology | |
| Snowflake Inc. | -0.05 | -0.07 | — | 58 | Technology | |
| Citigroup Inc. | -0.04 | -0.07 | — | 92 | Financial Services | |
| State Street Corporation | -0.01 | -0.05 | — | 94 | Financial Services | |
| Nokia Corporation | 0.00 | 0.01 | 0.03 | 94 | Technology |
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