Looking to diversify beyond BOEG? The ETFs below have historically moved differently from BOEG, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for BOEG
698 ETFs have low correlation with BOEG (below 0.3), 92 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.31 | — | — | 69 | Derivative Income | BOEG vs WNTR | |
| ProShares Short Bitcoin ETF | -0.29 | — | — | 51 | Cryptocurrency | BOEG vs BITI | |
| Invesco DB Energy Fund | -0.28 | -0.26 | -0.26 | 66 | Oil & Gas | BOEG vs DBE | |
| Invesco DB Oil Fund | -0.25 | -0.24 | -0.24 | 51 | Oil & Gas | BOEG vs DBO | |
| YieldMax XOM Option Income Strategy ETF | -0.21 | -0.18 | -0.18 | 52 | Derivative Income, Dividend | BOEG vs XOMO |
See all 2299 diversifiers for BOEG
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