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26 Stocks and 74 ETFs for diversifying XLB (STATE STREET(R) MATERIALS SELECT SECTOR SPDR(R) ETF)

The least correlated asset to XLB (STATE STREET(R) MATERIALS SELECT SECTOR SPDR(R) ETF) is ETF SMN (ProShares UltraShort Materials). The correlation is -0.9704.

Stocks that lowly correlated with XLB

SymbolName
Market cap
SectorIndustry
Correlation
ORIQUOrigin Investment Corp I - Units (1 Ord Cls & 1/2 War)$22MFinancial ServicesShell Companies-0.65
ELOGEastern International Ltd$9.59MIndustrialsIntegrated Freight & Logistics-0.64
SOCAUSolarius Capital Acquisition Corp Units$179MFinancial ServicesShell Companies-0.61
LHAILinkhome Holdings Inc$19MReal EstateReal Estate Services-0.56
CTWCTW Cayman - Class A$147MCommunication ServicesElectronic Gaming & Multimedia-0.55
PLMKUPlum Acquisition Corp IV - Units (1 Ord cls A & 1/2 Warr)$213MFinancial ServicesShell Companies-0.55
OMDAOmada Health Inc$1.41BHealthcareHealth Information Services-0.52
TWNPTwin Hospitality Group Inc. Class A Common Stock$4.08MConsumer CyclicalRestaurants-0.51
AIIAmerican Integrity Insurance Group Inc$358MFinancial ServicesInsurance - Property & Casualty-0.51
ONCHU1RT Acquisition Corp - Units (1 Ord Cls A & 1 War)$39MFinancial ServicesShell Companies-0.47
PACHPioneer Acquisition I Corp - Class A$260MFinancial ServicesShell Companies-0.47
OFSSOOFS Capital Corp$341MN/AN/A-0.45
HNGEHinge Health Inc - Class A$6.74BHealthcareHealth Information Services-0.45
FIGXUFIGX Capital Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$35MFinancial ServicesShell Companies-0.44
CHACUCrane Harbor Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$72MFinancial ServicesShell Companies-0.44
TACHTitan Acquisition Corp - Class A$288MFinancial ServicesShell Companies-0.44
DBTXDecibel Therapeutics Inc$123MN/AN/A-0.43
RYOJrYojbaba Co. Ltd$51MIndustrialsConsulting Services-0.43
VCKAUScilex Holding Company - Units (1 Ord & 1/2 War)$37MN/AN/A-0.42
BGMQilian International Holding Group Ltd - Class A$7.45MHealthcareDrug Manufacturers - Specialty & Generic-0.42
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.42
DAICCID HoldCo Inc$40MTechnologyInformation Technology Services-0.42
MOBXMobix Labs Inc - Class A$20MTechnologySemiconductors-0.41
SAFXXCF Global Inc$145MUtilitiesUtilities - Renewable-0.41
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.41
INACRIndigo Acquisition Corp Right$448KN/AN/A-0.40

ETFs that lowly correlated with XLB

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.97
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.87
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.85
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.84
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.84
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.83
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.83
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.83
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.82
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.80
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.79
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.79
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.79
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.79
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.79
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.78
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.78
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.78
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.77
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.77
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.77
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.76
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.74
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.71
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.71
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.70
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.69
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.69
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.69
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.69
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.69
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.69
NOWLGRANITESHARES 2X LONG NOW DAILY ETF $286MN/AJul 14, 2025-0.67
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.64
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.63
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.62
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.61
DUGProShares UltraShort Energy$27MN/AJan 30, 2007-0.61
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.61
RXDProShares UltraShort Health Care -2x Shares$3.20MN/AJan 30, 2007-0.58
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.58
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.58
DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF$131MN/AMay 28, 2015-0.58
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.58
GGOViShares Global Government Bond USD Hedged Active$2.90B0.39%Jun 25, 2025-0.55
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $49MN/ANov 6, 2008-0.55
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.54
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.53
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.52
OILDBank of Montreal$53MN/ANov 8, 2021-0.52
WTIDBank of Montreal$18MN/AFeb 16, 2023-0.51
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.51
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.50
CRCGLEVERAGE SHARES 2X LONG CRCL DAILY ETF $67MN/AAug 8, 2025-0.49
CCUPT-REX 2X LONG CRCL DAILY TARGET ETF $25MN/AAug 8, 2025-0.49
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.48
NFLWROUNDHILL NFLX WEEKLYPAY ETF $6.70MN/AJun 17, 2025-0.48
BZQProShares UltraShort MSCI Brazil Capped ETF -2x Shares$3.20MN/AJun 16, 2009-0.47
SDPProShares UltraShort Utilities -2x Shares$3.90MN/AJan 30, 2007-0.46
SHPUDIREXION DAILY SHOP BULL 2X ETF $15MN/AAug 5, 2025-0.46
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $433M0.51%Dec 18, 2013-0.46
QIDPROSHARES ULTRASHORT QQQ $233MN/AJul 11, 2006-0.45
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.45
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.20MN/AApr 6, 2010-0.45
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.45
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.44
NVDSTradr 1.5X Short NVDA Daily ETF$18MN/AJul 13, 2022-0.44
SCOProShares UltraShort Bloomberg Crude Oil -2x Shares$895MN/ANov 24, 2008-0.44
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $29MN/AJul 16, 2009-0.44
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.43
PLTGLEVERAGE SHARES 2X LONG PLTR DAILY ETF $23MN/AApr 24, 2025-0.42
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.41
MSFWROUNDHILL MSFT WEEKLYPAY ETF $27MN/AJul 23, 2025-0.40
COYYGRANITESHARES YIELDBOOST COIN ETF $21M1.07%Jul 28, 2025-0.39