Looking to diversify beyond XSMO? The ETFs below have historically moved differently from XSMO, 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 XSMO
294 ETFs have low correlation with XSMO (below 0.3), 76 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | — | — | 61 | Inverse Equities, Leveraged Equities | XSMO vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.38 | -0.34 | — | 61 | Cryptocurrency | XSMO vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.38 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | XSMO vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.37 | — | — | 75 | Derivative Income | XSMO vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.31 | -0.11 | — | 56 | Options Trading | XSMO vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for XSMO, 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 The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.16, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.16 | 0.03 | 0.15 | 90 | Consumer Defensive | |
| Chevron Corporation | -0.15 | 0.11 | 0.31 | 80 | Energy | |
| Altria Group, Inc. | -0.13 | 0.06 | 0.16 | 66 | Consumer Defensive | |
| Occidental Petroleum Corporation | -0.13 | 0.13 | 0.31 | 70 | Energy | |
| Exxon Mobil Corporation | -0.13 | 0.11 | 0.28 | 84 | Energy |
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