Looking to diversify beyond SHE? The ETFs below have the lowest correlation with SHE — 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 SHE.
Best Diversifiers for SHE
285 ETFs have low correlation with SHE (below 0.3), 63 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.28, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.28 | -0.07 | 0.09 | 71 | Oil & Gas | SHE vs DBE | |
| United States Oil Fund LP | -0.27 | -0.07 | 0.08 | 66 | Oil & Gas | SHE vs USO | |
| United States Brent Oil Fund LP | -0.25 | -0.06 | 0.08 | 65 | Oil & Gas | SHE vs BNO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.24 | -0.04 | 0.09 | 56 | Oil & Gas | SHE vs OILK | |
| Defiance Oil Enhanced Options Income ETF | -0.24 | -0.08 | -0.08 | 56 | Derivative Income | SHE vs USOY |
See all 1664 diversifiers for SHE
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Diversification Analysis
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