Looking to diversify beyond XBIL? The ETFs below have historically moved differently from XBIL, 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 XBIL
1662 ETFs have low correlation with XBIL (below 0.3), 332 of which are negatively correlated. The least correlated is Invesco DB Oil Fund (DBO) (Oil & Gas) with a 1Y correlation of -0.22, down from -0.08 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Oil Fund | -0.22 | -0.08 | — | 58 | Oil & Gas | XBIL vs DBO | |
| United States Brent Oil Fund LP | -0.22 | -0.07 | — | 52 | Oil & Gas | XBIL vs BNO | |
| Invesco DB Commodity Index Tracking Fund | -0.20 | -0.08 | — | 71 | Commodities | XBIL vs DBC | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.20 | -0.09 | -0.09 | 72 | Commodities | XBIL vs PDBC | |
| DoubleLine Commodity Strategy ETF | -0.19 | — | — | 63 | Commodities | XBIL vs DCMT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for XBIL, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Pathward Financial, Inc. (CASH) (Financial Services) with a 1Y correlation of 0.09, roughly unchanged from 0.07 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Pathward Financial, Inc. | 0.09 | 0.07 | — | 61 | Financial Services |
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