Looking to diversify beyond OBIL? The ETFs below have the lowest correlation with OBIL — 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 OBIL.
Best Diversifiers for OBIL
972 ETFs have low correlation with OBIL (below 0.3), 78 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Managed Futures ETF | -0.27 | — | — | 66 | Systematic Trend | OBIL vs FFUT | |
| VanEck CMCI Commodity Strategy ETF | -0.17 | — | — | 66 | Commodities | OBIL vs CMCI | |
| Breakwave Tanker Shipping ETF | -0.17 | -0.11 | — | 99 | Commodities | OBIL vs BWET | |
| Bastion Energy ETF | -0.17 | — | — | 86 | Energy Equities | OBIL vs BESF | |
| First Trust Alternative Absolute Return Strategy E... | -0.15 | -0.13 | — | 67 | Commodities | OBIL vs FAAR |
See all 1135 diversifiers for OBIL
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Diversification Analysis
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