Looking to diversify beyond XSOE? The ETFs below have the lowest correlation with XSOE — 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 XSOE.
Best Diversifiers for XSOE
319 ETFs have low correlation with XSOE (below 0.3), 64 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 -0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.43 | -0.32 | -0.35 | 57 | Cryptocurrency | XSOE vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.43 | -0.37 | -0.37 | 52 | Cryptocurrency, Leveraged Cryptocurrency | XSOE vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.38 | — | — | 68 | Inverse Equities, Leveraged Equities | XSOE vs MSTZ | |
| Invesco DB US Dollar Index Bullish Fund | -0.37 | -0.41 | -0.45 | 51 | Currency | XSOE vs UUP | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.35 | — | — | 70 | Derivative Income | XSOE vs WNTR |
See all 1556 diversifiers for XSOE
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