Looking to balance out your exposure to XYL? The ETFs below have historically moved differently from XYL, 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 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 0.35, down from 0.54 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.35 | 0.47 | 0.54 | 58 | Nasdaq-100 | XYL vs QQQ | |
| iShares Core S&P 500 ETF | 0.49 | 0.57 | 0.60 | 78 | S&P 500 | XYL vs IVV | |
| Vanguard S&P 500 ETF | 0.49 | 0.60 | 0.65 | 78 | S&P 500 | XYL vs VOO | |
| State Street SPDR S&P 500 ETF | 0.50 | 0.60 | 0.65 | 78 | S&P 500 | XYL vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for XYL, 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 Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.16, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.16 | 0.05 | 0.16 | 79 | Energy | |
| EOG Resources, Inc. | -0.16 | 0.03 | 0.11 | 73 | Energy | |
| ConocoPhillips Company | -0.12 | 0.05 | 0.14 | 73 | Energy | |
| Archer-Daniels-Midland Company | -0.08 | 0.13 | 0.22 | 89 | Consumer Defensive | |
| LyondellBasell Industries N.V. | -0.07 | 0.23 | 0.32 | 60 | Basic Materials |
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