Looking to diversify beyond SPBO? The ETFs below have historically moved differently from SPBO, 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 SPBO
377 ETFs have low correlation with SPBO (below 0.3), 101 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.44, down from -0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.44 | -0.23 | -0.13 | 72 | Oil & Gas | SPBO vs DBE | |
| United States Brent Oil Fund LP | -0.44 | -0.23 | -0.14 | 52 | Oil & Gas | SPBO vs BNO | |
| United States Oil Fund LP | -0.44 | -0.23 | -0.13 | 55 | Oil & Gas | SPBO vs USO | |
| Invesco DB Oil Fund | -0.43 | -0.22 | -0.13 | 58 | Oil & Gas | SPBO vs DBO | |
| ProShares UltraShort Yen | -0.43 | -0.45 | -0.46 | 56 | Leveraged Currency | SPBO vs YCS |
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