Looking to diversify beyond XSHQ? The ETFs below have the lowest correlation with XSHQ — 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 XSHQ.
Best Diversifiers for XSHQ
315 ETFs have low correlation with XSHQ (below 0.3), 62 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.32, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.32 | 0.00 | 0.13 | 71 | Oil & Gas | XSHQ vs DBE | |
| United States Oil Fund LP | -0.30 | 0.02 | 0.13 | 66 | Oil & Gas | XSHQ vs USO | |
| United States 12 Month Oil Fund LP | -0.29 | 0.04 | 0.14 | 56 | Oil & Gas | XSHQ vs USL | |
| United States Brent Oil Fund LP | -0.29 | 0.02 | 0.12 | 65 | Oil & Gas | XSHQ vs BNO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.29 | 0.04 | 0.14 | 56 | Oil & Gas | XSHQ vs OILK |
See all 1670 diversifiers for XSHQ
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