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
7 ETFs have low correlation with XYZ (below 0.3), 1 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.13, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.13 | 0.09 | 0.17 | 54 | Energy Equities | XYZ vs XLE | |
| Schwab U.S. Dividend Equity ETF | 0.17 | 0.34 | 0.42 | 83 | Dividend | XYZ vs SCHD | |
| Eaton Vance Floating-Rate ETF | 0.21 | — | — | 76 | Bank Loan | XYZ vs EVLN | |
| State Street SPDR Portfolio S&P 500 High Dividend ... | 0.21 | 0.35 | 0.41 | 52 | S&P 500, Dividend | XYZ vs SPYD | |
| Janus Henderson Securitized Income ETF | 0.24 | — | — | 57 | Short-Term Bond | XYZ vs JSI |
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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 -0.19, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.19 | -0.00 | 0.10 | 76 | Energy | |
| Enbridge Inc. | -0.19 | 0.08 | 0.21 | 88 | Energy | |
| The Coca-Cola Company | -0.18 | -0.04 | 0.05 | 82 | Consumer Defensive | |
| Ovintiv Inc. | -0.15 | 0.11 | 0.21 | 76 | Energy | |
| Equinor ASA | -0.14 | 0.00 | 0.08 | 77 | Energy |
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Build a portfolio that complements XYZ
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