Looking to diversify beyond XTEN? The ETFs below have the lowest correlation with XTEN — 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 XTEN.
Best Diversifiers for XTEN
885 ETFs have low correlation with XTEN (below 0.3), 62 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.43, down from -0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.43 | -0.25 | -0.20 | 71 | Oil & Gas | XTEN vs DBE | |
| United States Brent Oil Fund LP | -0.40 | -0.24 | — | 65 | Oil & Gas | XTEN vs BNO | |
| Invesco DB Oil Fund | -0.40 | -0.23 | — | 65 | Oil & Gas | XTEN vs DBO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.38 | -0.20 | -0.16 | 71 | Commodities | XTEN vs GSG | |
| iShares Commodities Select Strategy ETF | -0.37 | -0.21 | — | 71 | Commodities | XTEN vs COMT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XTEN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XTEN and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.06, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.06 | 0.01 | 0.03 | 78 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.10 | 0.03 | — | 95 | Technology |
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