Looking to balance out your exposure to OXLCN? The ETFs below have historically moved differently from OXLCN, 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 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 -0.08, roughly unchanged from -0.01 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Floating Rate Bond ETF | -0.08 | -0.01 | — | 99 | Ultrashort Bond, Corporate Bonds | OXLCN vs FLOT | |
| Janus Henderson AAA CLO ETF | -0.01 | 0.03 | — | 99 | CLO | OXLCN vs JAAA | |
| Global X MLP ETF | -0.00 | -0.02 | — | 64 | MLPs | OXLCN vs MLPA | |
| iShares 0-3 Month Treasury Bond ETF | -0.00 | 0.09 | 0.04 | 100 | Ultrashort Bond | OXLCN vs SGOV | |
| Invesco Senior Loan ETF | 0.02 | 0.02 | — | 56 | Bank Loan | OXLCN vs BKLN |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for OXLCN, 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 Alliance Resource Partners, L.P. (ARLP) (Energy) with a 1Y correlation of -0.04, roughly unchanged from -0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alliance Resource Partners, L.P. | -0.04 | -0.05 | -0.00 | 54 | Energy | |
| International Seaways, Inc. | -0.03 | -0.04 | 0.03 | 99 | Industrials | |
| TORM plc | -0.03 | -0.03 | 0.03 | 90 | Energy | |
| Agree Realty Corporation | -0.02 | -0.02 | — | 68 | Real Estate | |
| Frontline Ltd. | -0.02 | -0.00 | 0.07 | 96 | Industrials |
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