Looking to diversify beyond XLVI? The ETFs below have the lowest correlation with XLVI — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from XLVI.
Best Diversifiers for XLVI
399 ETFs have low correlation with XLVI (below 0.3), 15 of which are negatively correlated. The least correlated is GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB) (Commodities) with a 1Y correlation of -0.17, roughly unchanged from -0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GraniteShares Bloomberg Commodity Broad Strategy N... | -0.17 | -0.17 | -0.17 | 55 | Commodities | XLVI vs COMB | |
| iShares Bloomberg Roll Select Commodity Strategy E... | -0.17 | -0.17 | -0.17 | 55 | Commodities | XLVI vs CMDY | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.16 | -0.16 | -0.16 | 77 | Commodities | XLVI vs FTGC | |
| abrdn Bloomberg All Commodity Strategy K-1 Free ET... | -0.16 | -0.16 | -0.16 | 56 | Commodities | XLVI vs BCI | |
| iPath Bloomberg Commodity Index Total Return ETN | -0.15 | -0.15 | -0.15 | 57 | Commodities | XLVI vs DJP |
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