Looking to diversify beyond XOEX? The ETFs below have the lowest correlation with XOEX — 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 XOEX.
Best Diversifiers for XOEX
190 ETFs have low correlation with XOEX (below 0.3), 28 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.27, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.27 | -0.07 | 0.03 | 71 | Oil & Gas | XOEX vs DBE | |
| United States Brent Oil Fund LP | -0.25 | -0.05 | 0.03 | 65 | Oil & Gas | XOEX vs BNO | |
| Invesco DB Oil Fund | -0.24 | -0.04 | 0.04 | 65 | Oil & Gas | XOEX vs DBO | |
| iShares Commodities Select Strategy ETF | -0.20 | 0.00 | 0.09 | 72 | Commodities | XOEX vs COMT | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.19 | 0.01 | 0.10 | 72 | Commodities | XOEX vs GSG |
See all 1212 diversifiers for XOEX
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