Looking to diversify beyond OILD? The ETFs below have the lowest correlation with OILD — 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 OILD.
Best Diversifiers for OILD
1125 ETFs have low correlation with OILD (below 0.3), 331 of which are negatively correlated. The least correlated is FT Energy Income Partners Strategy ETF (EIPX) (Energy Equities) with a 1Y correlation of -0.81, roughly unchanged from -0.85 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| FT Energy Income Partners Strategy ETF | -0.81 | -0.83 | -0.85 | 75 | Energy Equities | OILD vs EIPX | |
| iShares North American Natural Resources ETF | -0.77 | -0.88 | -0.92 | 61 | Energy Equities | OILD vs IGE | |
| iShares U.S. Oil Equipment & Services ETF | -0.73 | -0.81 | -0.85 | 66 | Energy Equities | OILD vs IEZ | |
| Alerian Energy Infrastructure ETF | -0.66 | -0.69 | -0.76 | 50 | Energy Equities | OILD vs ENFR | |
| FT Energy Income Partners Enhanced Income ETF | -0.65 | -0.68 | -0.68 | 67 | Derivative Income | OILD vs EIPI |
See all 1127 diversifiers for OILD
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