Looking to diversify beyond BOEU? The ETFs below have the lowest correlation with BOEU — 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 BOEU.
Best Diversifiers for BOEU
670 ETFs have low correlation with BOEU (below 0.3), 79 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.19, roughly unchanged from -0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.19 | -0.17 | -0.17 | 71 | Oil & Gas | BOEU vs DBE | |
| Invesco DB Oil Fund | -0.18 | -0.15 | -0.15 | 65 | Oil & Gas | BOEU vs DBO | |
| United States Oil Fund LP | -0.17 | -0.15 | -0.15 | 66 | Oil & Gas | BOEU vs USO | |
| United States Brent Oil Fund LP | -0.17 | -0.15 | -0.15 | 65 | Oil & Gas | BOEU vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.16 | -0.15 | -0.15 | 56 | Derivative Income | BOEU vs USOY |
See all 2116 diversifiers for BOEU
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