Looking to diversify beyond BOCT? The ETFs below have the lowest correlation with BOCT — 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 BOCT.
Best Diversifiers for BOCT
380 ETFs have low correlation with BOCT (below 0.3), 89 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.31, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.31 | -0.09 | 0.06 | 71 | Oil & Gas | BOCT vs DBE | |
| United States Oil Fund LP | -0.30 | -0.07 | 0.04 | 66 | Oil & Gas | BOCT vs USO | |
| United States Brent Oil Fund LP | -0.28 | -0.07 | 0.04 | 65 | Oil & Gas | BOCT vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.27 | -0.09 | -0.09 | 56 | Derivative Income | BOCT vs USOY | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.26 | -0.04 | 0.06 | 56 | Oil & Gas | BOCT vs OILK |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BOCT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BOCT and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.50, down from 0.66 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.50 | 0.53 | 0.66 | 90 | Technology |
Build a portfolio that complements BOCT
Add BOCT to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BOCT