Looking to diversify beyond CFO? The ETFs below have the lowest correlation with CFO — 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 CFO.
Best Diversifiers for CFO
374 ETFs have low correlation with CFO (below 0.3), 50 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.25, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.25 | -0.04 | 0.09 | 71 | Oil & Gas | CFO vs DBE | |
| United States Oil Fund LP | -0.23 | -0.04 | 0.09 | 66 | Oil & Gas | CFO vs USO | |
| United States 12 Month Oil Fund LP | -0.23 | -0.02 | 0.10 | 56 | Oil & Gas | CFO vs USL | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.22 | -0.01 | 0.10 | 55 | Oil & Gas | CFO vs OILK | |
| United States Brent Oil Fund LP | -0.22 | -0.03 | 0.08 | 65 | Oil & Gas | CFO vs BNO |
See all 2113 diversifiers for CFO
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Diversification Analysis
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