Looking to diversify beyond XRMI? The ETFs below have the lowest correlation with XRMI — 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 XRMI.
Best Diversifiers for XRMI
343 ETFs have low correlation with XRMI (below 0.3), 72 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 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.27 | -0.07 | 0.06 | 71 | Oil & Gas | XRMI vs DBE | |
| United States Oil Fund LP | -0.27 | -0.07 | 0.05 | 66 | Oil & Gas | XRMI vs USO | |
| United States Brent Oil Fund LP | -0.26 | -0.08 | — | 65 | Oil & Gas | XRMI vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.25 | — | — | 56 | Derivative Income | XRMI vs USOY | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.24 | -0.04 | 0.07 | 55 | Oil & Gas | XRMI vs OILK |
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