Looking to diversify beyond EET? The ETFs below have the lowest correlation with EET — 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 EET.
Best Diversifiers for EET
377 ETFs have low correlation with EET (below 0.3), 78 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.32, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.32 | 0.00 | 0.10 | 66 | Oil & Gas | EET vs USO | |
| Defiance Oil Enhanced Options Income ETF | -0.30 | -0.03 | -0.03 | 56 | Derivative Income | EET vs USOY | |
| Invesco DB Energy Fund | -0.30 | 0.01 | 0.11 | 71 | Oil & Gas | EET vs DBE | |
| United States Brent Oil Fund LP | -0.29 | 0.01 | 0.10 | 65 | Oil & Gas | EET vs BNO | |
| ProShares UltraShort Yen | -0.29 | -0.19 | -0.16 | 61 | Leveraged Currency | EET vs YCS |
See all 2113 diversifiers for EET
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