Looking to diversify beyond RXL? The ETFs below have the lowest correlation with RXL — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from RXL.
Best Diversifiers for RXL
1012 ETFs have low correlation with RXL (below 0.3), 73 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.30, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.30 | -0.16 | -0.04 | 72 | Oil & Gas | RXL vs UGA | |
| ProShares UltraShort Yen | -0.28 | -0.11 | -0.09 | 75 | Leveraged Currency | RXL vs YCS | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.23 | -0.13 | -0.00 | 51 | Commodities | RXL vs PDBC | |
| USCF SummerHaven Dynamic Commodity Strategy No K-1... | -0.20 | -0.10 | 0.03 | 65 | Commodities | RXL vs SDCI | |
| First Trust Alternative Absolute Return Strategy E... | -0.19 | -0.08 | -0.06 | 67 | Commodities | RXL vs FAAR |
See all 1555 diversifiers for RXL
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