Looking to balance out your exposure to OXLC? The ETFs below have historically moved differently from OXLC, 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 OXLC
271 ETFs have low correlation with OXLC (below 0.3), 11 of which are negatively correlated. The least correlated is F/m US Treasury 3 Month Bill ETF (TBIL) (Ultrashort Bond) with a 1Y correlation of -0.12, down from -0.01 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| F/m US Treasury 3 Month Bill ETF | -0.12 | -0.01 | — | 100 | Ultrashort Bond | OXLC vs TBIL | |
| KFA Mount Lucas Index Strategy ETF | -0.10 | -0.10 | -0.12 | 61 | Systematic Trend | OXLC vs KMLM | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.08 | 0.00 | 0.01 | 100 | Government Bonds, Ultrashort Bond | OXLC vs BIL | |
| iShares 0-1 Year Treasury Bond ETF | -0.06 | 0.03 | 0.04 | 100 | Government Bonds, Ultrashort Bond | OXLC vs SHV | |
| Vanguard 0-3 Month Treasury Bill ETF | -0.05 | — | — | 100 | Ultrashort Bond | OXLC vs VBIL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for OXLC, 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 Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.16, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.16 | -0.03 | 0.06 | 56 | Utilities | |
| Coca-Cola Consolidated, Inc. | -0.16 | 0.05 | 0.08 | 87 | Consumer Defensive | |
| Cardinal Health, Inc. | -0.14 | 0.02 | 0.08 | 86 | Healthcare | |
| Chubb Limited | -0.11 | 0.02 | 0.10 | 89 | Financial Services | |
| The TJX Companies, Inc. | -0.10 | 0.09 | 0.12 | 83 | Consumer Cyclical |
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