Looking to balance out your exposure to OXLCP? The ETFs below have the lowest correlation with OXLCP — they tend to move on their own, which can help reduce risk when OXLCP drops. The stock ideas table highlights individual companies that behave independently from OXLCP.
Best Diversifiers for OXLCP
26 ETFs have low correlation with OXLCP (below 0.3), 4 of which are negatively correlated. The least correlated is Virtus Newfleet ABS/MBS ETF (VABS) (Mortgage Backed Securities) with a 1Y correlation of -0.13, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Newfleet ABS/MBS ETF | -0.13 | -0.01 | 0.04 | 69 | Mortgage Backed Securities | OXLCP vs VABS | |
| SPDR Nuveen Bloomberg Barclays High Yield Municipa... | -0.10 | 0.04 | 0.09 | 53 | Municipal Bonds | OXLCP vs HYMB | |
| iShares Short Duration Bond Active ETF | -0.04 | 0.04 | 0.04 | 87 | Short-Term Bond | OXLCP vs NEAR | |
| BlackRock Floating Rate Loan ETF | -0.01 | 0.05 | — | 52 | Bank Loan | OXLCP vs BRLN | |
| iShares Flexible Income Active ETF | 0.00 | 0.05 | — | 67 | Multisector Bonds | OXLCP vs BINC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OXLCP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OXLCP and solid risk/return profiles. The least correlated is Frontline Ltd. (FRO) (Energy) with a 1Y correlation of -0.02, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Frontline Ltd. | -0.02 | 0.00 | 0.01 | 89 | Energy | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.12 | 0.05 | 0.08 | 88 | Financial Services |
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