Looking to diversify beyond BOIL? The ETFs below have historically moved differently from BOIL, 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 BOIL
2234 ETFs have low correlation with BOIL (below 0.3), 2060 of which are negatively correlated. The least correlated is Innovator Russell 2000 Power Buffer ETF - July (KJUL) (Defined Outcome) with a 1Y correlation of -0.30, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Innovator Russell 2000 Power Buffer ETF - July | -0.30 | -0.08 | 0.03 | 88 | Defined Outcome | BOIL vs KJUL | |
| Innovator U.S. Small Cap Power Buffer ETF | -0.28 | — | — | 92 | Defined Outcome | BOIL vs KAUG | |
| Innovator U.S. Small Cap Power Buffer ETF - Octobe... | -0.27 | -0.08 | 0.01 | 91 | Defined Outcome | BOIL vs KOCT | |
| FT Vest Rising Dividend Achievers Target Income ET... | -0.27 | -0.05 | 0.04 | 87 | Derivative Income | BOIL vs RDVI | |
| Goldman Sachs ActiveBeta US Small Cap Equity ETF | -0.27 | -0.08 | 0.03 | 76 | Small Cap Growth Equities | BOIL vs GSSC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BOIL, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is D-Wave Quantum Inc (QBTS) (Technology) with a 1Y correlation of -0.20, down from -0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| D-Wave Quantum Inc | -0.20 | -0.09 | -0.06 | 50 | Technology | |
| Applied Digital Corporation | -0.20 | -0.05 | -0.03 | 78 | Technology | |
| ASML Holding N.V. | -0.19 | -0.05 | 0.02 | 96 | Technology | |
| KLA Corporation | -0.18 | -0.06 | 0.02 | 87 | Technology | |
| IREN Limited | -0.17 | -0.04 | -0.04 | 78 | Financial Services |
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