Looking to diversify beyond IZRL? The ETFs below have the lowest correlation with IZRL — 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 IZRL.
Best Diversifiers for IZRL
490 ETFs have low correlation with IZRL (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 -0.25, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.25 | -0.01 | 0.07 | 66 | Oil & Gas | IZRL vs USO | |
| Invesco DB Energy Fund | -0.25 | -0.01 | 0.08 | 71 | Oil & Gas | IZRL vs DBE | |
| United States Brent Oil Fund LP | -0.23 | -0.00 | 0.08 | 65 | Oil & Gas | IZRL vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.22 | — | — | 56 | Derivative Income | IZRL vs USOY | |
| United States 12 Month Oil Fund LP | -0.22 | 0.01 | 0.09 | 56 | Oil & Gas | IZRL vs USL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IZRL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IZRL and solid risk/return profiles. The least correlated is Tesla, Inc. (TSLA) (Consumer Cyclical) with a 1Y correlation of 0.30, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tesla, Inc. | 0.30 | 0.40 | 0.51 | 55 | Consumer Cyclical |
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