Looking to diversify beyond OEFA? The ETFs below have the lowest correlation with OEFA — 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 OEFA.
Best Diversifiers for OEFA
64 ETFs have low correlation with OEFA (below 0.3), 5 of which are negatively correlated. The least correlated is ProShares Ultra Oil & Gas (DIG) (Leveraged Equities) with a 1Y correlation of -0.18, roughly unchanged from -0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Oil & Gas | -0.18 | -0.18 | -0.18 | 53 | Leveraged Equities | OEFA vs DIG | |
| Fidelity MSCI Energy Index ETF | -0.16 | -0.16 | -0.16 | 60 | Energy Equities | OEFA vs FENY | |
| iPath Bloomberg Commodity Index Total Return ETN | -0.09 | -0.09 | -0.09 | 57 | Commodities | OEFA vs DJP | |
| Barclays ETN+ Select MLP ETN | -0.07 | -0.07 | -0.07 | 65 | MLPs | OEFA vs ATMP | |
| Alerian MLP ETF | -0.06 | -0.06 | -0.06 | 56 | MLPs | OEFA vs AMLP |
See all 1080 diversifiers for OEFA
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