Looking to diversify beyond SIOO? The ETFs below have historically moved differently from SIOO, 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 SIOO
219 ETFs have low correlation with SIOO (below 0.3), 28 of which are negatively correlated. The least correlated is Invesco DB Oil Fund (DBO) (Oil & Gas) with a 1Y correlation of -0.31, roughly unchanged from -0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Oil Fund | -0.31 | -0.31 | -0.31 | 58 | Oil & Gas | SIOO vs DBO | |
| Strive U.S. Energy ETF | -0.30 | -0.30 | -0.30 | 70 | Energy Equities | SIOO vs DRLL | |
| Direxion Daily S&P Oil & Gas Exploration & Product... | -0.29 | -0.29 | -0.29 | 52 | Leveraged Equities | SIOO vs GUSH | |
| iShares Global Energy ETF | -0.22 | -0.22 | -0.22 | 82 | Energy Equities | SIOO vs IXC | |
| KFA Mount Lucas Index Strategy ETF | -0.14 | -0.14 | -0.14 | 61 | Systematic Trend | SIOO vs KMLM |
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