Looking to diversify beyond RXL? The ETFs below have historically moved differently from RXL, 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 RXL
1217 ETFs have low correlation with RXL (below 0.3), 124 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.30, down from -0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.30 | -0.20 | -0.06 | 66 | Oil & Gas | RXL vs DBE | |
| United States Gasoline Fund, LP | -0.29 | -0.17 | -0.05 | 83 | Oil & Gas | RXL vs UGA | |
| Invesco DB Oil Fund | -0.29 | -0.20 | -0.07 | 51 | Oil & Gas | RXL vs DBO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.27 | -0.16 | -0.03 | 61 | Commodities | RXL vs GSG | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.26 | -0.17 | -0.04 | 56 | Commodities | RXL vs COMT |
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