Looking to balance out your exposure to XYZ? The ETFs below have the lowest correlation with XYZ — they tend to move on their own, which can help reduce risk when XYZ drops. The stock ideas table highlights individual companies that behave independently from XYZ.
Best Diversifiers for XYZ
4 ETFs have low correlation with XYZ (below 0.3), 0 of which are negatively correlated. The least correlated is Janus Henderson Securitized Income ETF (JSI) (Short-Term Bond) with a 1Y correlation of 0.17, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Janus Henderson Securitized Income ETF | 0.17 | 0.14 | 0.14 | 60 | Short-Term Bond | XYZ vs JSI | |
| Schwab U.S. Dividend Equity ETF | 0.18 | 0.35 | 0.41 | 85 | Dividend | XYZ vs SCHD | |
| YieldMax AAPL Option Income Strategy ETF | 0.22 | 0.28 | — | 61 | Options Trading | XYZ vs APLY | |
| Eaton Vance Floating-Rate ETF | 0.22 | 0.26 | 0.26 | 75 | Bank Loan | XYZ vs EVLN | |
| iShares Semiconductor ETF | 0.31 | 0.41 | 0.53 | 96 | Semiconductors, Technology Equities | XYZ vs SOXX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XYZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XYZ and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.20, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.20 | 0.02 | 0.10 | 86 | Energy | |
| Ecopetrol S.A. | -0.14 | 0.12 | 0.12 | 93 | Energy | |
| Equinor ASA | -0.14 | 0.03 | 0.09 | 83 | Energy | |
| Ovintiv Inc. | -0.12 | 0.14 | 0.21 | 83 | Energy | |
| Verizon Communications Inc. | -0.10 | -0.01 | 0.06 | 56 | Communication Services |
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Build a portfolio that complements XYZ
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