Looking to balance out your exposure to OXLCP? The ETFs below have historically moved differently from OXLCP, 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 OXLCP
25 ETFs have low correlation with OXLCP (below 0.3), 5 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.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Newfleet ABS/MBS ETF | -0.13 | -0.00 | 0.04 | 85 | Mortgage Backed Securities | OXLCP vs VABS | |
| Arrow Dow Jones Global Yield ETF | -0.05 | 0.03 | 0.08 | 69 | Diversified Portfolio | OXLCP vs GYLD | |
| State Street SPDR Nuveen ICE High Yield Municipal ... | -0.04 | 0.04 | 0.09 | 68 | Municipal Bonds | OXLCP vs HYMB | |
| iShares Short Duration Bond Active ETF | -0.02 | 0.03 | 0.04 | 89 | Short-Term Bond | OXLCP vs NEAR | |
| JPMorgan Ultra-Short Income ETF | -0.01 | 0.02 | 0.02 | 99 | Ultrashort Bond | OXLCP vs JPST |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for OXLCP, 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 Frontline Ltd. (FRO) (Industrials) with a 1Y correlation of -0.02, roughly unchanged from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Frontline Ltd. | -0.02 | 0.02 | 0.01 | 96 | Industrials | |
| Agree Realty Corporation | 0.02 | 0.06 | 0.12 | 60 | Real Estate | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.11 | 0.06 | 0.08 | 86 | Financial Services |
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