Looking to diversify beyond SOCL? The ETFs below have historically moved differently from SOCL, 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 SOCL
290 ETFs have low correlation with SOCL (below 0.3), 46 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.44, down from -0.32 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.44 | -0.32 | — | 51 | Cryptocurrency | SOCL vs BITI | |
| Invesco DB Energy Fund | -0.23 | -0.04 | 0.04 | 66 | Oil & Gas | SOCL vs DBE | |
| VanEck Energy Income ETF | -0.21 | 0.12 | 0.22 | 79 | Energy Equities | SOCL vs EINC | |
| Alerian Energy Infrastructure ETF | -0.19 | 0.13 | 0.24 | 76 | Infrastructure Equities, Energy Equities | SOCL vs ENFR | |
| Invesco DB Oil Fund | -0.19 | -0.03 | 0.04 | 51 | Oil & Gas | SOCL vs DBO |
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