Looking to diversify beyond ABLG? The ETFs below have the lowest correlation with ABLG — 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 ABLG.
Best Diversifiers for ABLG
325 ETFs have low correlation with ABLG (below 0.3), 75 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.37, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.37 | -0.06 | 0.10 | 71 | Oil & Gas | ABLG vs DBE | |
| United States Oil Fund LP | -0.36 | -0.06 | 0.09 | 66 | Oil & Gas | ABLG vs USO | |
| United States Brent Oil Fund LP | -0.35 | -0.06 | 0.09 | 65 | Oil & Gas | ABLG vs BNO | |
| ProShares UltraShort Yen | -0.35 | -0.20 | -0.19 | 63 | Leveraged Currency | ABLG vs YCS | |
| Defiance Oil Enhanced Options Income ETF | -0.34 | — | — | 56 | Derivative Income | ABLG vs USOY |
See all 2192 diversifiers for ABLG
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