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
398 ETFs have low correlation with XLVI (below 0.3), 12 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.29, roughly unchanged from -0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.29 | -0.29 | -0.29 | 71 | Oil & Gas | XLVI vs DBE | |
| PIMCO Commodity Strategy Active Exchange-Traded Fu... | -0.14 | -0.14 | -0.14 | 88 | Commodities | XLVI vs CMDT | |
| iShares Bloomberg Roll Select Commodity Strategy E... | -0.13 | -0.13 | -0.13 | 72 | Commodities | XLVI vs CMDY | |
| iPath Bloomberg Commodity Index Total Return ETN | -0.11 | -0.11 | -0.11 | 72 | Commodities | XLVI vs DJP | |
| iShares Enhanced Short-Term Bond Active ETF | -0.03 | -0.03 | -0.03 | 100 | Ultrashort Bond | XLVI vs CSHP |
See all 1108 diversifiers for XLVI
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