Looking to diversify beyond OILK? The ETFs below have the lowest correlation with OILK — 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 OILK.
Best Diversifiers for OILK
1598 ETFs have low correlation with OILK (below 0.3), 1537 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Avantis Credit ETF | -0.46 | — | — | 54 | Global Bonds | OILK vs AVGB | |
| Neos Enhanced Income Aggregate Bond ETF | -0.43 | -0.21 | — | 52 | Intermediate Core-Plus Bond | OILK vs BNDI | |
| Astoria Dynamic Core US Fixed Income ETF | -0.42 | — | — | 72 | Multisector Bonds | OILK vs AGGA | |
| First Trust TCW Unconstrained Plus Bond ETF | -0.41 | -0.22 | -0.09 | 55 | Nontraditional Bonds | OILK vs UCON | |
| FlexShares Credit-Scored US Corporate Bond Index F... | -0.41 | -0.19 | -0.12 | 57 | Corporate Bonds | OILK vs SKOR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OILK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OILK and solid risk/return profiles. The least correlated is American Airlines Group Inc. (AAL) (Industrials) with a 1Y correlation of -0.41, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| American Airlines Group Inc. | -0.41 | -0.19 | -0.05 | 54 | Industrials | |
| AGNC Investment Corp. | -0.14 | -0.01 | 0.08 | 77 | Real Estate | |
| Amazon.com, Inc | -0.12 | -0.00 | 0.03 | 63 | Consumer Cyclical | |
| Walmart Inc. | -0.05 | -0.02 | 0.01 | 59 | Consumer Defensive | |
| Petróleo Brasileiro S.A. - Petrobras | 0.49 | 0.42 | 0.41 | 88 | Energy |
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