Looking to balance out your exposure to OXLC? The ETFs below have the lowest correlation with OXLC — they tend to move on their own, which can help reduce risk when OXLC drops. The stock ideas table highlights individual companies that behave independently from OXLC.
Best Diversifiers for OXLC
278 ETFs have low correlation with OXLC (below 0.3), 11 of which are negatively correlated. The least correlated is US Treasury 3 Month Bill ETF (TBIL) (Ultrashort Bond) with a 1Y correlation of -0.09, roughly unchanged from 0.00 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| US Treasury 3 Month Bill ETF | -0.09 | 0.00 | — | 100 | Ultrashort Bond | OXLC vs TBIL | |
| iShares 0-1 Year Treasury Bond ETF | -0.08 | 0.02 | 0.04 | 100 | Government Bonds, Ultrashort Bond | OXLC vs SHV | |
| Vanguard 0-3 Month Treasury Bill ETF | -0.08 | — | — | 100 | Ultrashort Bond | OXLC vs VBIL | |
| Alpha Architect 1-3 Month Box ETF | -0.04 | 0.04 | 0.02 | 100 | Ultrashort Bond | OXLC vs BOXX | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.03 | 0.03 | 0.03 | 100 | Government Bonds, Ultrashort Bond | OXLC vs BIL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OXLC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OXLC and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.16, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.16 | -0.02 | 0.05 | 53 | Utilities | |
| Cardinal Health, Inc. | -0.14 | 0.03 | 0.10 | 68 | Healthcare | |
| The Hershey Company | -0.12 | 0.02 | 0.02 | 55 | Consumer Defensive | |
| Eagle Point Credit Company Inc. | -0.11 | 0.02 | — | 81 | Financial Services | |
| Coca-Cola Consolidated, Inc. | -0.11 | 0.07 | 0.08 | 80 | Consumer Defensive |
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Build a portfolio that complements OXLC
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