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
1113 ETFs have low correlation with OILD (below 0.3), 319 of which are negatively correlated. The least correlated is iShares Global Energy ETF (IXC) (Energy Equities) with a 1Y correlation of -0.96, roughly unchanged from -0.96 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Global Energy ETF | -0.96 | -0.96 | — | 51 | Energy Equities | OILD vs IXC | |
| FT Energy Income Partners Strategy ETF | -0.81 | -0.83 | — | 89 | Energy Equities | OILD vs EIPX | |
| iShares North American Natural Resources ETF | -0.76 | -0.88 | — | 62 | Energy Equities | OILD vs IGE | |
| iShares U.S. Oil Equipment & Services ETF | -0.73 | -0.80 | — | 65 | Energy Equities | OILD vs IEZ | |
| Alerian Energy Infrastructure ETF | -0.69 | -0.69 | — | 73 | Energy Equities | OILD vs ENFR |
See all 1114 diversifiers for OILD
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