Looking to diversify beyond OILU? The ETFs below have historically moved differently from OILU, 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 OILU
1611 ETFs have low correlation with OILU (below 0.3), 1222 of which are negatively correlated. The least correlated is Dimensional California Municipal Bond ETF (DFCA) (Municipal Bonds) with a 1Y correlation of -0.32, down from -0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Dimensional California Municipal Bond ETF | -0.32 | -0.12 | -0.11 | 73 | Municipal Bonds | OILU vs DFCA | |
| Franklin Liberty Federal Intermediate Tax-Free Bon... | -0.32 | -0.10 | -0.08 | 82 | Municipal Bonds | OILU vs FLMI | |
| Vanguard Short Duration Bond ETF Shares | -0.31 | — | — | 89 | Short-Term Bond | OILU vs VSDB | |
| Fidelity Municipal Bond Opportunities ETF | -0.31 | — | — | 76 | Municipal Bonds | OILU vs FMUB | |
| PIMCO Multisector Bond Active Exchange-Traded Fund | -0.31 | -0.07 | -0.05 | 67 | Multisector Bonds | OILU vs PYLD |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for OILU, 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 Frontline Ltd. (FRO) (Industrials) with a 1Y correlation of 0.10, down from 0.27 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Frontline Ltd. | 0.10 | 0.27 | — | 96 | Industrials | |
| Chevron Corporation | 0.88 | 0.87 | — | 80 | Energy |
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