Looking to diversify beyond XPAY? The ETFs below have historically moved differently from XPAY, 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 XPAY
300 ETFs have low correlation with XPAY (below 0.3), 75 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.49 | — | — | 51 | Cryptocurrency | XPAY vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.48 | — | — | 69 | Derivative Income | XPAY vs WNTR | |
| Invesco DB Energy Fund | -0.29 | — | — | 66 | Oil & Gas | XPAY vs DBE | |
| Invesco DB Oil Fund | -0.23 | -0.09 | -0.09 | 51 | Oil & Gas | XPAY vs DBO | |
| YieldMax XOM Option Income Strategy ETF | -0.23 | — | — | 52 | Derivative Income, Dividend | XPAY 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 XPAY, 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 LTC Properties, Inc. (LTC) (Real Estate) with a 1Y correlation of -0.08, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| LTC Properties, Inc. | -0.08 | 0.04 | 0.04 | 75 | Real Estate | |
| Energy Transfer LP | -0.07 | 0.15 | 0.15 | 82 | Energy | |
| DNP Select Income Fund Inc. | 0.19 | 0.27 | 0.27 | 90 | Financial Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.25 | 0.33 | 0.33 | 72 | Financial Services | |
| Reaves Utility Income Trust | 0.48 | 0.50 | 0.50 | 55 | Financial Services |
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