Looking to balance out your exposure to OXLCN? The ETFs below have the lowest correlation with OXLCN — they tend to move on their own, which can help reduce risk when OXLCN drops. The stock ideas table highlights individual companies that behave independently from OXLCN.
Best Diversifiers for OXLCN
27 ETFs have low correlation with OXLCN (below 0.3), 4 of which are negatively correlated. The least correlated is iShares Floating Rate Bond ETF (FLOT) (Ultrashort Bond) with a 1Y correlation of -0.09, roughly unchanged from -0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Floating Rate Bond ETF | -0.09 | -0.01 | — | 99 | Ultrashort Bond, Corporate Bonds | OXLCN vs FLOT | |
| Global X MLP ETF | -0.06 | -0.03 | — | 52 | MLPs | OXLCN vs MLPA | |
| Janus Henderson AAA CLO ETF | -0.02 | 0.03 | — | 99 | CLO | OXLCN vs JAAA | |
| iShares 0-3 Month Treasury Bond ETF | -0.01 | 0.09 | — | 100 | Ultrashort Bond | OXLCN vs SGOV | |
| State Street SPDR Nuveen ICE High Yield Municipal ... | 0.03 | -0.01 | — | 75 | Municipal Bonds | OXLCN vs HYMB |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OXLCN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OXLCN and solid risk/return profiles. The least correlated is Agree Realty Corporation (ADC) (Real Estate) with a 1Y correlation of -0.09, roughly unchanged from -0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Agree Realty Corporation | -0.09 | -0.03 | — | 70 | Real Estate | |
| Frontline Ltd. | -0.05 | 0.01 | 0.07 | 94 | Energy | |
| TORM plc | -0.04 | -0.02 | — | 88 | Energy | |
| International Seaways, Inc. | -0.04 | -0.03 | — | 97 | Energy | |
| Energy Transfer LP | 0.01 | -0.02 | — | 84 | Energy |
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