Looking to diversify beyond XTAP? The ETFs below have historically moved differently from XTAP, 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 XTAP
338 ETFs have low correlation with XTAP (below 0.3), 84 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.44 | — | — | 69 | Derivative Income | XTAP vs WNTR | |
| ProShares Short Bitcoin ETF | -0.43 | -0.33 | — | 51 | Cryptocurrency | XTAP vs BITI | |
| Invesco DB Energy Fund | -0.27 | -0.08 | 0.08 | 66 | Oil & Gas | XTAP vs DBE | |
| Invesco DB Oil Fund | -0.27 | -0.06 | 0.07 | 51 | Oil & Gas | XTAP vs DBO | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.23 | -0.05 | -0.05 | 98 | Inflation-Protected Bonds | XTAP vs IBIC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for XTAP, 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 ASML Holding N.V. (ASML) (Technology) with a 1Y correlation of 0.52, roughly unchanged from 0.59 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ASML Holding N.V. | 0.52 | 0.53 | 0.59 | 96 | Technology |
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