Looking to diversify beyond XXXX? The ETFs below have historically moved differently from XXXX, 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 XXXX
307 ETFs have low correlation with XXXX (below 0.3), 79 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 | -0.48 | — | — | 69 | Derivative Income | XXXX vs WNTR | |
| ProShares Short Bitcoin ETF | -0.48 | — | — | 51 | Cryptocurrency | XXXX vs BITI | |
| Invesco DB Energy Fund | -0.28 | -0.09 | -0.09 | 66 | Oil & Gas | XXXX vs DBE | |
| Invesco DB Oil Fund | -0.24 | -0.05 | -0.05 | 51 | Oil & Gas | XXXX vs DBO | |
| YieldMax XOM Option Income Strategy ETF | -0.22 | 0.02 | 0.02 | 52 | Derivative Income, Dividend | XXXX vs XOMO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for XXXX, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.24, down from -0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.24 | -0.08 | -0.08 | 66 | Consumer Defensive | |
| The Coca-Cola Company | -0.24 | -0.03 | -0.03 | 87 | Consumer Defensive | |
| Duke Energy Corporation | -0.23 | -0.07 | -0.07 | 52 | Utilities | |
| Exxon Mobil Corporation | -0.22 | 0.02 | 0.02 | 85 | Energy | |
| Occidental Petroleum Corporation | -0.21 | 0.04 | 0.04 | 68 | Energy |
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