Looking to diversify beyond OILU? The ETFs below have the lowest correlation with OILU — 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 OILU.
Best Diversifiers for OILU
1512 ETFs have low correlation with OILU (below 0.3), 1088 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Avantis Credit ETF | -0.32 | — | — | 50 | Global Bonds | OILU vs AVGB | |
| BNY Mellon Ultra Short Income ETF | -0.30 | -0.15 | — | 99 | Ultrashort Bond | OILU vs BKUI | |
| Invesco BulletShares 2032 Municipal Bond ETF | -0.28 | -0.10 | — | 64 | Municipal Bonds | OILU vs BSMW | |
| Vanguard Short Duration Bond ETF Shares | -0.28 | — | — | 83 | Short-Term Bond | OILU vs VSDB | |
| First Trust TCW Unconstrained Plus Bond ETF | -0.26 | -0.09 | -0.02 | 50 | Nontraditional Bonds | OILU vs UCON |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OILU, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OILU and solid risk/return profiles. The least correlated is Frontline Ltd. (FRO) (Energy) with a 1Y correlation of 0.11, down from 0.27 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Frontline Ltd. | 0.11 | 0.27 | — | 95 | Energy | |
| Chevron Corporation | 0.88 | 0.87 | — | 68 | Energy |
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