Looking to diversify beyond XRMI? The ETFs below have the lowest correlation with XRMI — 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 XRMI.
Best Diversifiers for XRMI
344 ETFs have low correlation with XRMI (below 0.3), 57 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.38, roughly unchanged from -0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.38 | -0.26 | -0.30 | 57 | Cryptocurrency | XRMI vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.38 | -0.30 | -0.30 | 52 | Cryptocurrency, Leveraged Cryptocurrency | XRMI vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.38 | — | — | 68 | Inverse Equities, Leveraged Equities | XRMI vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.35 | — | — | 70 | Derivative Income | XRMI vs WNTR | |
| Invesco DB Energy Fund | -0.24 | -0.08 | — | 53 | Oil & Gas | XRMI vs DBE |
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