Looking to diversify beyond ILCB? The ETFs below have the lowest correlation with ILCB — 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 ILCB.
Best Diversifiers for ILCB
363 ETFs have low correlation with ILCB (below 0.3), 74 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.33, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.33 | -0.08 | 0.09 | 71 | Oil & Gas | ILCB vs DBE | |
| United States Oil Fund LP | -0.33 | -0.07 | 0.07 | 66 | Oil & Gas | ILCB vs USO | |
| United States Brent Oil Fund LP | -0.31 | -0.07 | 0.07 | 65 | Oil & Gas | ILCB vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.30 | — | — | 56 | Derivative Income | ILCB vs USOY | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.29 | -0.04 | 0.10 | 55 | Oil & Gas | ILCB vs OILK |
See all 2114 diversifiers for ILCB
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