Looking to diversify beyond XOVR? The ETFs below have the lowest correlation with XOVR — 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 XOVR.
Best Diversifiers for XOVR
390 ETFs have low correlation with XOVR (below 0.3), 65 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.53, roughly unchanged from -0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.53 | -0.52 | -0.52 | 60 | Inverse Equities, Leveraged Equities | XOVR vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.51 | — | — | 65 | Derivative Income | XOVR vs WNTR | |
| Brookstone Ultra-Short Bond ETF | -0.21 | — | — | 99 | Ultrashort Bond | XOVR vs BAMU | |
| iShares Core High Dividend ETF | -0.19 | 0.08 | 0.26 | 72 | Dividend, Large Cap Value Equities | XOVR vs HDV | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.17 | — | — | 98 | Inflation-Protected Bonds | XOVR vs IBIC |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XOVR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XOVR and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.31, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.31 | -0.13 | -0.02 | 54 | Communication Services | |
| Walmart Inc. | -0.20 | 0.08 | 0.18 | 70 | Consumer Defensive | |
| Cheniere Energy, Inc. | -0.15 | 0.08 | 0.18 | 56 | Energy | |
| Enterprise Products Partners L.P. | -0.14 | 0.14 | 0.23 | 83 | Energy | |
| MPLX LP | -0.03 | 0.19 | 0.26 | 82 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements XOVR
Add XOVR to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with XOVR