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
517 ETFs have low correlation with XSHD (below 0.3), 45 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.53, roughly unchanged from -0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.53 | -0.53 | -0.53 | 99 | Leveraged Equities, Semiconductors | XSHD vs MUU | |
| Invesco DB US Dollar Index Bullish Fund | -0.28 | -0.27 | -0.30 | 51 | Currency | XSHD vs UUP | |
| ProShares UltraShort Yen | -0.27 | -0.16 | -0.12 | 72 | Leveraged Currency | XSHD vs YCS | |
| Invesco DB Energy Fund | -0.23 | -0.03 | 0.11 | 53 | Oil & Gas | XSHD vs DBE | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.19 | -0.23 | -0.23 | 68 | Inverse Equities, Leveraged Equities | XSHD vs MSTZ |
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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 0.23, down from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.23 | 0.30 | 0.39 | 91 | Technology | |
| BlackRock Capital Allocation Term Trust | 0.34 | 0.41 | 0.49 | 94 | Financial Services | |
| The Toro Company | 0.45 | 0.53 | 0.54 | 75 | Industrials |
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