Looking to diversify beyond XXXX? The ETFs below have the lowest correlation with XXXX — 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 XXXX.
Best Diversifiers for XXXX
280 ETFs have low correlation with XXXX (below 0.3), 59 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.48 | — | — | 68 | Inverse Equities, Leveraged Equities | XXXX vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.46 | -0.39 | -0.39 | 57 | Cryptocurrency | XXXX vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.46 | -0.42 | -0.42 | 52 | Cryptocurrency, Leveraged Cryptocurrency | XXXX vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.45 | — | — | 70 | Derivative Income | XXXX vs WNTR | |
| Invesco DB US Dollar Index Bullish Fund | -0.32 | — | — | 51 | Currency | XXXX vs UUP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XXXX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XXXX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.23, down from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.23 | -0.07 | -0.07 | 81 | Consumer Defensive | |
| The Coca-Cola Company | -0.21 | -0.02 | -0.02 | 83 | Consumer Defensive | |
| Duke Energy Corporation | -0.20 | -0.07 | -0.07 | 66 | Utilities | |
| Waste Management, Inc. | -0.20 | 0.07 | 0.07 | 53 | Industrials | |
| Exxon Mobil Corporation | -0.19 | 0.03 | 0.03 | 75 | Energy |
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