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
1005 ETFs have low correlation with OBIL (below 0.3), 66 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Managed Futures ETF | -0.27 | — | — | 64 | Systematic Trend | OBIL vs FFUT | |
| First Trust Alternative Absolute Return Strategy E... | -0.18 | -0.13 | — | 70 | Commodities | OBIL vs FAAR | |
| Bastion Energy ETF | -0.16 | — | — | 75 | Energy Equities | OBIL vs BESF | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | -0.16 | — | — | 50 | Commodities | OBIL vs CERY | |
| Direxion Auspice Broad Commodity Strategy ETF | -0.14 | -0.06 | — | 54 | Commodities | OBIL vs COM |
See all 1151 diversifiers for OBIL
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Diversification Analysis
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