Looking to diversify beyond XOVR? The ETFs below have historically moved differently from XOVR, 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 XOVR
493 ETFs have low correlation with XOVR (below 0.3), 119 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.55 | — | — | 61 | Inverse Equities, Leveraged Equities | XOVR vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.53 | — | — | 75 | Derivative Income | XOVR vs WNTR | |
| ProShares Short Bitcoin ETF | -0.49 | -0.40 | — | 61 | Cryptocurrency | XOVR vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.49 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | XOVR vs SBIT | |
| YieldMax XOM Option Income Strategy ETF | -0.28 | — | — | 51 | Derivative Income, Dividend | XOVR vs XOMO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for XOVR, 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 Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.30, down from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.30 | -0.14 | -0.01 | 66 | Communication Services | |
| Walmart Inc. | -0.20 | 0.08 | 0.18 | 62 | Consumer Defensive | |
| Cheniere Energy, Inc. | -0.19 | 0.06 | 0.17 | 57 | Energy | |
| Enterprise Products Partners L.P. | -0.16 | 0.12 | 0.21 | 89 | Energy | |
| Berkshire Hathaway Inc. | -0.09 | 0.14 | 0.29 | 61 | Financial Services |
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