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
29 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) (Corporate Bonds) with a 1Y correlation of -0.05, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Floating Rate Bond ETF | -0.05 | 0.01 | 0.04 | 98 | Corporate Bonds | OXLCN vs FLOT | |
| BlackRock Floating Rate Loan ETF | -0.05 | 0.01 | 0.05 | 52 | Bank Loan | OXLCN vs BRLN | |
| Janus Henderson AAA CLO ETF | -0.01 | 0.05 | 0.10 | 98 | CLO | OXLCN vs JAAA | |
| Virtus Newfleet ABS/MBS ETF | -0.00 | -0.01 | 0.00 | 69 | Mortgage Backed Securities | OXLCN vs VABS | |
| SPDR Nuveen Bloomberg Barclays High Yield Municipa... | 0.01 | 0.00 | — | 53 | 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 Frontline Ltd. (FRO) (Energy) with a 1Y correlation of -0.05, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Frontline Ltd. | -0.05 | 0.03 | 0.08 | 89 | Energy | |
| Eagle Point Credit Company Inc. | -0.02 | 0.03 | — | 81 | Financial Services | |
| International Seaways, Inc. | -0.02 | -0.00 | — | 95 | Energy | |
| TORM plc | -0.02 | 0.00 | — | 88 | Energy | |
| Energy Transfer LP | -0.00 | -0.01 | — | 69 | Energy |
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