Looking to diversify beyond XSD? The ETFs below have the lowest correlation with XSD — 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 XSD.
Best Diversifiers for XSD
379 ETFs have low correlation with XSD (below 0.3), 57 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.43, roughly unchanged from -0.34 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.43 | -0.34 | — | 57 | Cryptocurrency | XSD vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.43 | — | — | 52 | Cryptocurrency, Leveraged Cryptocurrency | XSD vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.40 | — | — | 68 | Inverse Equities, Leveraged Equities | XSD vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.38 | -0.39 | -0.39 | 70 | Derivative Income | XSD vs WNTR | |
| WisdomTree Floating Rate Treasury Fund | -0.18 | -0.08 | -0.06 | 100 | Government Bonds, Ultrashort Bond | XSD vs USFR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XSD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XSD and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.30, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.30 | -0.08 | 0.03 | 53 | Industrials | |
| Chubb Limited | -0.28 | -0.11 | 0.05 | 86 | Financial Services | |
| Duke Energy Corporation | -0.26 | -0.17 | -0.08 | 66 | Utilities | |
| Colgate-Palmolive Company | -0.23 | -0.16 | -0.06 | 53 | Consumer Defensive | |
| The Coca-Cola Company | -0.22 | -0.12 | 0.01 | 83 | Consumer Defensive |
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