Looking to diversify beyond ELIL? The ETFs below have the lowest correlation with ELIL — 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 ELIL.
Best Diversifiers for ELIL
2081 ETFs have low correlation with ELIL (below 0.3), 84 of which are negatively correlated. The least correlated is ProShares Ultra Bloomberg Crude Oil (UCO) (Leveraged Commodities) with a 1Y correlation of -0.26, roughly unchanged from -0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Bloomberg Crude Oil | -0.26 | -0.17 | -0.17 | 54 | Leveraged Commodities | ELIL vs UCO | |
| Defiance Oil Enhanced Options Income ETF | -0.26 | -0.17 | -0.17 | 56 | Derivative Income | ELIL vs USOY | |
| Invesco DB Oil Fund | -0.25 | — | — | 65 | Oil & Gas | ELIL vs DBO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.25 | — | — | 55 | Oil & Gas | ELIL vs OILK | |
| United States Oil Fund LP | -0.25 | -0.17 | -0.17 | 66 | Oil & Gas | ELIL vs USO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ELIL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ELIL and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 1.00 | — | — | 72 | Healthcare |
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