Looking to balance out your exposure to XYL? The ETFs below have the lowest correlation with XYL — they tend to move on their own, which can help reduce risk when XYL drops. The stock ideas table highlights individual companies that behave independently from XYL.
Best Diversifiers for XYL
0 ETFs have low correlation with XYL (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.44, down from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.44 | 0.49 | 0.55 | 73 | Nasdaq-100 | XYL vs QQQ | |
| Vanguard S&P 500 ETF | 0.55 | 0.61 | 0.66 | 70 | S&P 500 | XYL vs VOO | |
| iShares Core S&P 500 ETF | 0.55 | 0.61 | 0.66 | 70 | S&P 500 | XYL vs IVV | |
| State Street SPDR S&P 500 ETF | 0.55 | 0.61 | 0.66 | 70 | S&P 500 | XYL vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XYL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XYL and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.13, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.13 | 0.06 | 0.16 | 69 | Consumer Defensive | |
| ConocoPhillips Company | -0.04 | 0.10 | 0.17 | 76 | Energy | |
| The Coca-Cola Company | -0.02 | 0.13 | 0.25 | 66 | Consumer Defensive | |
| Duke Energy Corporation | 0.00 | 0.12 | 0.23 | 53 | Utilities | |
| PepsiCo, Inc. | 0.02 | 0.18 | 0.26 | 56 | Consumer Defensive |
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