Looking to balance out your exposure to XFLT? The ETFs below have the lowest correlation with XFLT — they tend to move on their own, which can help reduce risk when XFLT drops. The stock ideas table highlights individual companies that behave independently from XFLT.
Best Diversifiers for XFLT
22 ETFs have low correlation with XFLT (below 0.3), 6 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.16, down from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.16 | -0.00 | 0.00 | 100 | Ultrashort Bond | XFLT vs SGOV | |
| United States Commodity Index Fund | -0.06 | -0.02 | 0.06 | 74 | Commodities | XFLT vs USCI | |
| USCF SummerHaven Dynamic Commodity Strategy No K-1... | -0.06 | -0.01 | 0.07 | 74 | Commodities | XFLT vs SDCI | |
| Credit Suisse X-Links Crude Oil Shares Covered Cal... | -0.03 | 0.01 | 0.01 | 64 | Commodities | XFLT vs USOI | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.02 | 0.02 | 0.00 | 100 | Government Bonds, Ultrashort Bond | XFLT vs BIL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XFLT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XFLT and solid risk/return profiles. The least correlated is Oxford Lane Capital Corp. 7.125% Series 2029 Term Preferred Stock (OXLCN) (Financial Services) with a 1Y correlation of -0.03, roughly unchanged from -0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | -0.03 | -0.01 | — | 88 | Financial Services | |
| Frontline Ltd. | 0.03 | 0.03 | 0.06 | 89 | Energy | |
| TORM plc | 0.03 | 0.03 | 0.09 | 88 | Energy | |
| Oxford Lane Capital Corp. | 0.03 | 0.01 | 0.06 | 95 | Financial Services | |
| International Seaways, Inc. | 0.04 | 0.04 | 0.07 | 95 | Energy |
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