Looking to diversify beyond OILK? The ETFs below have historically moved differently from OILK, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for OILK
1689 ETFs have low correlation with OILK (below 0.3), 1623 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Astoria Dynamic Core US Fixed Income ETF | -0.43 | — | — | 50 | Multisector Bonds | OILK vs AGGA | |
| Ishares J.P. Morgan Broad USD Emerging Markets Bon... | -0.43 | -0.17 | — | 55 | Emerging Markets Bonds | OILK vs BEMB | |
| First Trust Low Duration Strategic Focus ETF | -0.43 | -0.19 | -0.07 | 73 | Short-Term Bond | OILK vs LDSF | |
| Dimensional Short-Duration Fixed Income ETF | -0.42 | -0.26 | — | 60 | Short-Term Bond | OILK vs DFSD | |
| Avantis Short-Term Fixed Income ETF | -0.42 | -0.23 | -0.13 | 58 | Short-Term Bond | OILK vs AVSF |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for OILK, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is American Airlines Group Inc. (AAL) (Industrials) with a 1Y correlation of -0.48, down from -0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| American Airlines Group Inc. | -0.48 | -0.24 | -0.10 | 71 | Industrials | |
| AGNC Investment Corp. | -0.22 | -0.06 | 0.05 | 78 | Real Estate | |
| Amazon.com, Inc | -0.15 | -0.02 | 0.02 | 72 | Consumer Cyclical | |
| Walmart Inc. | -0.02 | -0.01 | 0.01 | 60 | Consumer Defensive | |
| Cheniere Energy, Inc. | 0.44 | 0.33 | 0.38 | 53 | Energy |
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