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
1338 ETFs have low correlation with XONE (below 0.3), 71 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.34, up from -0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.34 | -0.43 | -0.46 | 61 | Leveraged Currency | XONE vs YCS | |
| Fidelity Managed Futures ETF | -0.27 | — | — | 64 | Systematic Trend | XONE vs FFUT | |
| Bastion Energy ETF | -0.17 | — | — | 75 | Energy Equities | XONE vs BESF | |
| VanEck Commodity Strategy ETF | -0.17 | -0.13 | — | 55 | Commodities | XONE vs PIT | |
| TCW AAA CLO ETF | -0.15 | -0.10 | -0.10 | 99 | CLO | XONE vs ACLO |
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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 -0.06, roughly unchanged from -0.08 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | -0.06 | -0.08 | — | 99 | Technology | |
| Citigroup Inc. | -0.03 | -0.06 | -0.07 | 95 | Financial Services | |
| Kinder Morgan, Inc. | 0.02 | -0.01 | 0.01 | 71 | Energy | |
| Nokia Corporation | 0.03 | 0.01 | — | 95 | Technology | |
| Amazon.com, Inc | 0.05 | -0.00 | — | 52 | Consumer Cyclical |
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