Looking to diversify beyond EBLU? The ETFs below have the lowest correlation with EBLU — 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 EBLU.
Best Diversifiers for EBLU
310 ETFs have low correlation with EBLU (below 0.3), 69 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.39, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.39 | -0.08 | 0.04 | 71 | Oil & Gas | EBLU vs DBE | |
| United States Brent Oil Fund LP | -0.36 | -0.06 | 0.03 | 65 | Oil & Gas | EBLU vs BNO | |
| United States Oil Fund LP | -0.36 | -0.06 | 0.04 | 66 | Oil & Gas | EBLU vs USO | |
| United States Gasoline Fund LP | -0.36 | -0.06 | 0.03 | 69 | Oil & Gas | EBLU vs UGA | |
| United States 12 Month Oil Fund LP | -0.36 | -0.05 | 0.06 | 56 | Oil & Gas | EBLU vs USL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EBLU, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EBLU and solid risk/return profiles. The least correlated is Select Energy Services, Inc. (WTTR) (Energy) with a 1Y correlation of 0.17, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Select Energy Services, Inc. | 0.17 | 0.28 | 0.26 | 93 | Energy |
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