Looking to diversify beyond XTN? The ETFs below have the lowest correlation with XTN — 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 XTN.
Best Diversifiers for XTN
314 ETFs have low correlation with XTN (below 0.3), 66 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.31, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.31 | -0.10 | 0.06 | 53 | Oil & Gas | XTN vs DBE | |
| ProShares Short Bitcoin ETF | -0.28 | -0.29 | -0.33 | 57 | Cryptocurrency | XTN vs BITI | |
| United States Gasoline Fund LP | -0.28 | -0.08 | 0.05 | 78 | Oil & Gas | XTN vs UGA | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.28 | — | — | 68 | Inverse Equities, Leveraged Equities | XTN vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.27 | -0.32 | -0.32 | 52 | Cryptocurrency, Leveraged Cryptocurrency | XTN vs SBIT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XTN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XTN and solid risk/return profiles. The least correlated is CSX Corporation (CSX) (Industrials) with a 1Y correlation of 0.53, roughly unchanged from 0.62 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CSX Corporation | 0.53 | 0.59 | 0.62 | 91 | Industrials |
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