Looking to diversify beyond OBIL? The ETFs below have historically moved differently from OBIL, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for OBIL
1101 ETFs have low correlation with OBIL (below 0.3), 88 of which are negatively correlated. The least correlated is Invesco DB Oil Fund (DBO) (Oil & Gas) with a 1Y correlation of -0.28, down from -0.18 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Oil Fund | -0.28 | -0.18 | — | 58 | Oil & Gas | OBIL vs DBO | |
| United States Brent Oil Fund LP | -0.27 | -0.17 | — | 52 | Oil & Gas | OBIL vs BNO | |
| Fidelity Managed Futures ETF | -0.26 | — | — | 88 | Systematic Trend, Actively Managed | OBIL vs FFUT | |
| Invesco DB Energy Fund | -0.26 | -0.18 | — | 72 | Oil & Gas | OBIL vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.24 | -0.15 | — | 67 | Commodities | OBIL vs GSG |
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