Looking to diversify beyond ABFL? The ETFs below have the lowest correlation with ABFL — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from ABFL.
Best Diversifiers for ABFL
392 ETFs have low correlation with ABFL (below 0.3), 80 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.30, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.30 | -0.08 | 0.09 | 71 | Oil & Gas | ABFL vs DBE | |
| United States Oil Fund LP | -0.29 | -0.07 | 0.08 | 66 | Oil & Gas | ABFL vs USO | |
| United States Brent Oil Fund LP | -0.27 | -0.06 | 0.08 | 65 | Oil & Gas | ABFL vs BNO | |
| United States Gasoline Fund LP | -0.26 | -0.06 | 0.08 | 69 | Oil & Gas | ABFL vs UGA | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.25 | -0.04 | 0.10 | 55 | Oil & Gas | ABFL vs OILK |
See all 2116 diversifiers for ABFL
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