Looking to diversify beyond XSHD? The ETFs below have the lowest correlation with XSHD — 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 XSHD.
Best Diversifiers for XSHD
400 ETFs have low correlation with XSHD (below 0.3), 23 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.28, down from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.28 | -0.16 | -0.11 | 63 | Leveraged Currency | XSHD vs YCS | |
| United States Gasoline Fund LP | -0.16 | -0.00 | 0.12 | 55 | Oil & Gas | XSHD vs UGA | |
| iShares Enhanced Short-Term Bond Active ETF | -0.12 | — | — | 99 | Ultrashort Bond | XSHD vs CSHP | |
| WisdomTree Floating Rate Treasury Fund | -0.10 | -0.02 | -0.02 | 100 | Government Bonds, Ultrashort Bond | XSHD vs USFR | |
| iShares Diversified Commodity Swap UCITS ETF | -0.09 | -0.01 | — | 78 | Commodities | XSHD vs ISCMF |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XSHD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XSHD and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.26, down from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.26 | 0.30 | 0.39 | 87 | Technology | |
| The Toro Company | 0.48 | 0.53 | 0.54 | 76 | Industrials |
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