Looking to diversify beyond XYLD? The ETFs below have historically moved differently from XYLD, 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 XYLD
341 ETFs have low correlation with XYLD (below 0.3), 84 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.49, down from -0.31 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.49 | -0.31 | — | 61 | Cryptocurrency | XYLD vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.48 | — | — | 61 | Inverse Equities, Leveraged Equities | XYLD vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.48 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | XYLD vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.47 | — | — | 75 | Derivative Income | XYLD vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.38 | -0.08 | — | 56 | Options Trading | XYLD vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for XYLD, 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 | -0.04 | 0.08 | 66 | Consumer Defensive | |
| Chevron Corporation | -0.22 | 0.05 | 0.19 | 80 | Energy | |
| Duke Energy Corporation | -0.21 | -0.03 | 0.11 | 56 | Utilities | |
| Exxon Mobil Corporation | -0.20 | 0.02 | 0.16 | 84 | Energy | |
| Chubb Limited | -0.20 | 0.06 | 0.24 | 89 | Financial Services |
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