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74 Stocks and 26 ETFs for diversifying Xcel Energy (XEL)

The least correlated asset to Xcel Energy (XEL) is ETF DKNX (DEFIANCE DAILY TARGET 2X LONG DKNG ETF). The correlation is -0.7902.

Stocks that lowly correlated with XEL

SymbolName
Market cap
SectorIndustry
Correlation
HERZHerzfeld Credit Income Fund Inc Com$230MFinancial ServicesAsset Management-0.68
CHYMChime Financial Inc - Class A$8.43BTechnologySoftware - Application-0.68
PLBLPolibeli Group Ltd$2.84BConsumer CyclicalDepartment Stores-0.65
ARXAccelerant Holdings - Class A$2.82BFinancial ServicesInsurance Brokers-0.65
MSGYMasonglory Ltd$5.30MIndustrialsEngineering & Construction-0.64
SIShoulder Innovations Inc$452MN/AN/A-0.63
MHMcGraw Hill Inc$1.95BConsumer DefensiveEducation & Training Services-0.63
FTRKFast Track Group.$9.53MCommunication ServicesEntertainment-0.62
OYSEOyster Enterprises II Acquisition Corp$268MFinancial ServicesShell Companies-0.61
YAASYouxin Technology Ltd - Class A$8.49MTechnologySoftware - Application-0.61
AKUSAkouos Inc$490MN/AN/A-0.60
GRANGrande Group Ltd - Class A$35MFinancial ServicesCapital Markets-0.60
LIONLionsgate Studios Corp - New$3.99BFinancial ServicesShell Companies-0.59
CVCapsoVision Inc$315MHealthcareMedical Devices-0.58
ASPCA SPAC III Acquisition Corp - Class A$17MFinancial ServicesShell Companies-0.57
TVAIThayer Ventures Acquisition Corporation II$208MFinancial ServicesShell Companies-0.56
FLYEFly-E Group Inc$3.31MConsumer CyclicalAuto Manufacturers-0.56
MAGHMagnitude International Ltd$230MIndustrialsEngineering & Construction-0.55
FAASDigiAsia Corp$4.92MTechnologySoftware - Infrastructure-0.53
NIQNIQ Global Intelligence plc$3.24BN/AN/A-0.52
RALRALSTON PURINA CO$7.56BTechnologyElectronic Components-0.51
ASPCUA SPAC III Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$15MFinancial ServicesShell Companies-0.51
PCLNPriceline.com Inc$906MN/AN/A-0.50
OTFBlue Owl Technology Finance Corp$4.79BFinancial ServicesAsset Management-0.50
THHTryHard Holdings Ltd$12MIndustrialsSpecialty Business Services-0.49
INVInnventure Inc$357MFinancial ServicesAsset Management-0.48
FLYX-WSflyExclusive Inc Redeemable warrants each whole warrant exercisable for one Class A common stock at an exercise price of 11.50 per share$6.71MN/AN/A-0.48
SOLEmeren Group Ltd American Depositary Shares, each representing 10 shares$100MTechnologySolar-0.47
STRZStarz Entertainment Corp$468MCommunication ServicesEntertainment-0.47
FEBOFenbo Holdings Ltd$9.09MTechnologyConsumer Electronics-0.46
ASICAtegrity Specialty Holdings LLC$1.08BFinancial ServicesInsurance - Property & Casualty-0.46
ETOREtoro Group Ltd - Class A$3.63BFinancial ServicesCapital Markets-0.45
VCKAUScilex Holding Company - Units (1 Ord & 1/2 War)$37MN/AN/A-0.45
SWINSolowin Holdings$54MN/AN/A-0.45
CARTMaplebear Inc$11BConsumer CyclicalInternet Retail-0.45
DLXYDelixy Holdings Ltd$7.64MEnergyOil & Gas Refining & Marketing-0.44
SCAGScage Future$25MIndustrialsFarm & Heavy Construction Machinery-0.44
MSIFMSC Income Fund Inc$515MFinancial ServicesAsset Management-0.44
KSPIKaspi.kz JSC$17BTechnologySoftware - Infrastructure-0.43
NTBLNotable Labs Inc Ord$2.39MHealthcareBiotechnology-0.43
CMNDClearmind Medicine Inc$2.12MHealthcareBiotechnology-0.42
FLYFirefly Aerospace Inc$3.35BIndustrialsAerospace & Defense-0.42
NDACNightDragon Acquisition Corp - Class A$445MN/AN/A-0.41
AEBIAebi Schmidt Holding AG$971MIndustrialsFarm & Heavy Construction Machinery-0.41
YHNAYHN Acquisition I Ltd$63MFinancial ServicesShell Companies-0.41
BMHLBluemount Holdings Ltd$146MFinancial ServicesCapital Markets-0.41
LITTULogistics Innovation Technologies Corp - Units (1 Ord Share Class A & 1/3 War)$349MN/AN/A-0.41
DBTXDecibel Therapeutics Inc$123MN/AN/A-0.40
PACSPACS Group Inc$7.07BHealthcareMedical Care Facilities-0.39
DVSDolly Varden Silver Corporation$258MBasic MaterialsSilver-0.39
HPLTHome Plate Acquisition Corp - Class A$77MN/AN/A-0.39
PALProficient Auto Logistics Inc$204MIndustrialsIntegrated Freight & Logistics-0.39
HCHLHappy City Holdings Ltd - Class A$59MConsumer CyclicalRestaurants-0.39
TTANServiceTitan Inc - Class A$7.44BTechnologySoftware - Application-0.39
MSDLMorgan Stanley Direct Lending Fund$1.33BFinancial ServicesAsset Management-0.38
VZLAVizsla Silver Corp (New Shares)$1.03BBasic MaterialsOther Industrial Metals & Mining-0.38
MNRMach Natural Resources LP$2.20BEnergyOil & Gas E&p-0.38
TLIHTen League International Holdings Ltd$17MIndustrialsIndustrial Distribution-0.38
XPDBPower & Digital Infrastructure Acquisition II Corp - Class A$634MN/AN/A-0.38
AVBCAvidia Bancorp Inc$407MFinancial ServicesBanks - Regional-0.37
DICEDICE Therapeutics Inc$2.25BN/AN/A-0.37
DTSTWData Storage Corp - Warrants (13/05/2026)$22MN/AN/A-0.37
GRCLGracell Biotechnologies Inc$990MHealthcareBiotechnology-0.37
CURXCuranex Pharmaceuticals Inc$6.11MHealthcareBiotechnology-0.37
LSBKLake Shore Bancorp Inc$134MFinancial ServicesBanks - Regional-0.36
APGEApogee Therapeutics Inc$10BHealthcareBiotechnology-0.36
BEATHeartBeam Inc$27MHealthcareHealth Information Services-0.36
CBLLCeribell Inc$734MHealthcareMedical Devices-0.36
NDACUNightDragon Acquisition Corp - Units (1 Ord Share Class A & 1/5 War)$444MN/AN/A-0.36
CUBWULionheart Holdings - Units (1 Ord Class A & 1 War)$252MFinancial ServicesShell Companies-0.36
ALDFUAldel Financial II Inc - Units (1 Ord Cls A & 1/2 War)$67MFinancial ServicesShell Companies-0.36
LGCBLinkage Global Inc$24MConsumer CyclicalInternet Retail-0.35
MCHPPMicrochip Technology Inc$40BTechnologySemiconductors-0.35
CHARUCharlton Aria Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$20MFinancial ServicesShell Companies-0.35

ETFs that lowly correlated with XEL

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
DKNXDEFIANCE DAILY TARGET 2X LONG DKNG ETF $5.40MN/AJul 30, 2025-0.79
SDPProShares UltraShort Utilities -2x Shares$3.90MN/AJan 30, 2007-0.76
AALGLEVERAGE SHARES 2X LONG AAL DAILY ETF $5.30MN/AJul 10, 2025-0.56
CLCVCrossmark Large Cap Value ETF$17M0.50%Jul 22, 2025-0.55
RVNLGRANITESHARES 2X LONG RIVN DAILY ETF $15MN/AApr 21, 2025-0.54
LITLSimplify Piper Sandler US SmallCap PLUS Income ETF$6.90M0.91%Apr 28, 2025-0.51
ASCEALLSPRING SMID CORE ETF $118M0.38%Jul 7, 2025-0.51
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.50
TOAKTWIN OAK SHORT HORIZON ABSOLUTE RETURN ETF $91M0.25%Aug 19, 2024-0.50
DVXFWEBs Defined Volatility XLF ETF$251K0.89%Jul 22, 2025-0.50
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.49
JHLNJOHN HANCOCK GLOBAL SENIOR LOAN ETF $633M0.59%Aug 19, 2025-0.48
MVPAMILLER VALUE PARTNERS APPRECIATION ETF $70M0.60%Jan 30, 2024-0.47
TAXSNORTHERN TRUST SHORT-TERM TAX-EXEMPT BOND ETF $118M0.05%Aug 18, 2025-0.44
UPSXTRADR 2X LONG UPST DAILY ETF $33MN/AJun 9, 2025-0.43
CVNYYIELDMAX(R) CVNA OPTION INCOME STRATEGY ETF $23M1.09%Jan 29, 2025-0.43
TFNST. ROWE PRICE FINANCIALS ETF $14M0.44%Jun 11, 2025-0.40
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.39
MUNANORTHERN TRUST 2030 TAX-EXEMPT DISTRIBUTING LADDER ETF $9M0.18%Aug 18, 2025-0.38
NVDLGRANITESHARES 2X LONG NVDA DAILY ETF $4.10BN/ADec 12, 2022-0.37
SLNZTCW Senior Loan ETF$222M0.65%Jun 28, 2013-0.37
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.37
XLFISTATE STREET(R) FINANCIAL SELECT SECTOR SPDR(R) PREMIUM INCOME ETF $5.80M0.35%Jul 29, 2025-0.37
LABXTRADR 2X LONG ALAB DAILY ETF $136MN/AAug 11, 2025-0.37
MCOWPACER S&P MIDCAP 400 QUALITY FCF ARISTOCRATS ETF $1.10M0.49%Aug 27, 2025-0.36
RBPROSHARES RUSSELL 2000 DYNAMIC DAILY BUFFER ETF $1.20M0.58%Jun 24, 2025-0.36