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
749 ETFs have low correlation with XTEN (below 0.3), 37 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Managed Futures ETF | -0.34 | — | — | 64 | Systematic Trend | XTEN vs FFUT | |
| First Trust Alternative Absolute Return Strategy E... | -0.30 | -0.14 | — | 75 | Commodities | XTEN vs FAAR | |
| PIMCO Commodity Strategy Active Exchange-Traded Fu... | -0.28 | -0.12 | — | 50 | Commodities | XTEN vs CMDT | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | -0.25 | — | — | 53 | Commodities | XTEN vs CERY | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.25 | -0.11 | — | 55 | Commodities | XTEN vs FTGC |
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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 -0.02, roughly unchanged from 0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.02 | 0.01 | — | 72 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.11 | 0.04 | — | 93 | Technology |
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