Looking to diversify beyond SIO? The ETFs below have the lowest correlation with SIO — 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 SIO.
Best Diversifiers for SIO
603 ETFs have low correlation with SIO (below 0.3), 47 of which are negatively correlated. The least correlated is United States Brent Oil Fund LP (BNO) (Oil & Gas) with a 1Y correlation of -0.34, down from -0.17 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Brent Oil Fund LP | -0.34 | -0.17 | — | 65 | Oil & Gas | SIO vs BNO | |
| Invesco DB Energy Fund | -0.33 | -0.18 | — | 71 | Oil & Gas | SIO vs DBE | |
| Invesco DB Oil Fund | -0.32 | -0.16 | — | 65 | Oil & Gas | SIO vs DBO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.28 | -0.13 | — | 71 | Commodities | SIO vs GSG | |
| iShares Commodities Select Strategy ETF | -0.27 | -0.14 | — | 71 | Commodities | SIO vs COMT |
See all 1155 diversifiers for SIO
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