Looking to diversify beyond XSHD? The ETFs below have historically moved differently from XSHD, 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 XSHD
588 ETFs have low correlation with XSHD (below 0.3), 47 of which are negatively correlated. The least correlated is FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR) (Nontraditional Bonds) with a 1Y correlation of -0.24, down from -0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| FolioBeyond Alternative Income and Interest Rate H... | -0.24 | -0.15 | -0.11 | 51 | Nontraditional Bonds | XSHD vs RISR | |
| Invesco DB Energy Fund | -0.24 | -0.05 | 0.10 | 66 | Oil & Gas | XSHD vs DBE | |
| Invesco DB Oil Fund | -0.22 | -0.03 | 0.11 | 51 | Oil & Gas | XSHD vs DBO | |
| United States Gasoline Fund, LP | -0.21 | -0.03 | 0.10 | 83 | Oil & Gas | XSHD vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.20 | 0.01 | 0.14 | 61 | Commodities | XSHD vs GSG |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for XSHD, 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 Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.25, down from 0.39 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.25 | 0.30 | 0.39 | 90 | Technology | |
| BlackRock Capital Allocation Term Trust | 0.35 | 0.41 | 0.49 | 95 | Financial Services | |
| The Toro Company | 0.46 | 0.54 | 0.54 | 79 | Industrials |
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